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dc.contributor.authorGander, James P.en_US
dc.date.accessioned2012-09-28T12:38:46Z-
dc.date.available2012-09-28T12:38:46Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/64422-
dc.description.abstractThe note focuses on the marginal rates of substitution (MRS) in Nash's product formula solution to bargaining and why the formula works. Two simple examples from duopoly and bilateral monopoly are used to demonstrate that the MRS's for both players are implicitly in the contract curve and the product formula. They are equal in the former by design. They become equal in the latter in equilibrium. The self-referential logic is evident. The bargaining model or system is self-contained and circular and is analogous to the proposition given by x = F(x).en_US
dc.language.isoengen_US
dc.publisherUniv. of Utah, Dep. of Economics Salt Lake City, Utahen_US
dc.relation.ispartofseriesWorking Paper, University of Utah, Department of Economics 2008-10en_US
dc.subject.jelC71en_US
dc.subject.jelC78en_US
dc.subject.jelC65en_US
dc.subject.ddc330en_US
dc.subject.keywordBargainingen_US
dc.subject.keywordPareto Optimumen_US
dc.subject.keywordSelf-Referential Logicen_US
dc.titleNash's bargaining formula revisited: A note on self-referential logicen_US
dc.typeWorking Paperen_US
dc.identifier.ppn57263837Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Department of Economics Working Paper Series, University of Utah

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