Individual Rationality and Nash's Solution to the Bargaining Problem

Alvin E. Roth

87 citations0/0 files storedMathematics of Operations Research

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Game Theory and Voting Systems Conflict Management and Negotiation Game Theory and Applications

Abstract

The axiom of Pareto optimally in Nash's definition of a solution to the bargaining problem may be replaced by an axiom of individual rationality, without altering the result.

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1950The Bargaining Problem 2015Games and Decisions

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1997The Nash Bargaining Theory with Non-Convex Problems 1977Independence of irrelevant alternatives, and solutions to Nash's bargaining problem 1979An impossibility result concerningn-person bargaining games 1982Bilateral bargaining, pareto optimality, and the empirical frequency of impasse 2022Negotiations in Competing Supply Chains: The Kalai-Smorodinsky Bargaining Solution 2010Loss and risk aversion in games and decisions

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