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Why Nash Solutions are Not Solutions
2001Chapters 5 and 6, with the latter’s appendix, complete the technical background needed to support the constitutional concepts of Chapter 3. Now, as a final technical note, we consider why a number of proposed mechanisms that have precise Lindahl taxes as Nash equilibria cannot deliver the promised outcomes.
Martin J Bailey, Nicolaus Tideman
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Nash bargaining solution under externalities
Mathematical Social Sciences, 2016zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Tomohiko Kawamori, Toshiji Miyakawa
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1992
Any book on axiomatic bargaining game theory should start with Nash’s 1950 article and with the Nash bargaining solution, and so will this one. Without any doubt the Nash bargaining solution is the most well-known and popular solution concept in bargaining — in the theoretical literature as well as in applied and empirical work.
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Any book on axiomatic bargaining game theory should start with Nash’s 1950 article and with the Nash bargaining solution, and so will this one. Without any doubt the Nash bargaining solution is the most well-known and popular solution concept in bargaining — in the theoretical literature as well as in applied and empirical work.
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Characterizing the Nash bargaining solution without Pareto-Optimality
Social Choice and Welfare, 1988We consider the bargaining problem with a variable number of agents. The first author [J. Econ. Theory 45, No.2, 330-341 (1988; Zbl 0657.90106)] had previously characterized the Nash solution as the only solution to satisfy the following axioms: Pareto Optimality, Symmetry, Scale Invariance, and Multilateral Stability.
Lensberg, T., Thomson, W.
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Maximal symmetry and the Nash solution [PDF]
Social Choice and Welfare, 2000 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Stability and the Nash solution
Journal of Economic Theory, 1988The author deals with the usual Nash bargaining n-person scheme and proves that the Nash solution can be characterized by the set of axioms differing from Nash's axioms only by replacing the Axiom of Independence of Irrelevant Alternatives by Harsanyi's Axiom of Multilateral Stability (the remaining axioms are: Pareto Optimality, Anonymity and Scale ...
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Bankruptcy and the Nash solution
Applied Financial Economics Letters, 2007The putative deficiency of the Nash solution to the bankruptcy game discussed in textbooks is shown to be a mere artefact of an unrealistic assumption made regarding the alternatives available to the bankrupt firm's creditors.
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Nash implementation of the Nash bargaining solution using intuitive message spaces
Economics Letters, 1999zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Nash Implementation of the Nash Bargaining Solution by a Natural Mechanism
SSRN Electronic Journal, 1998We provide natural mechanisms for the Nash implementation of the Nash bargaining solution if the set of possible payoff allocations is unknown to the planner. The need for two different mechanisms arises, because the case of three or more agents and that of two require separate treatment.
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Nash solution and timing of bargaining
Economics Letters, 1988zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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