Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/320271 
Authors: 
Year of Publication: 
2024
Citation: 
[Journal:] Theoretical Economics [ISSN:] 1555-7561 [Volume:] 19 [Issue:] 4 [Year:] 2024 [Pages:] 1443-1472
Publisher: 
The Econometric Society, New Haven, CT
Abstract: 
This paper studies bargaining outcomes in economies in which agents may be able to impose outcomes that deviate from the relevant social norms but incur costs when they do so. It characterizes bargaining outcomes that are easiest for a society to sustain as part of a social norm that everybody will want to follow. Depending on technological assumptions, the approach yields the Nash bargaining solution, the Kalai-Smorodinsky solution, the equal monetary split, and other bargaining solutions. Set-valued solution concepts are derived that are relevant if one is unable or unwilling to make specific technological assumptions.
Subjects: 
Bargaining
bargaining solutions
internalized norms
sanctions
social norms
JEL: 
C71
C78
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc Logo
Document Type: 
Article

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