Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/102592 
Year of Publication: 
1997
Series/Report no.: 
Working Paper No. 1997-18
Publisher: 
Brown University, Department of Economics, Providence, RI
Abstract: 
We extend Nash's bargaining theory to non-convex and coalitional problems. This paper investigates the implications of Nash-like axioms for bilateral problems and the properties of consistency and converse consistency over multilateral settings. The result is a characterization of the Nash set of NTU games, defined as the solution concept where each pair of players is splitting the gains from trade at a point where the Nash product of their utilities, subject to efficiency, is critical. The intersection of the Nash set and the core is also characterized with the same axioms for the class of games where the core is non-empty.
Document Type: 
Working Paper

Files in This Item:
File
Size
267.53 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.