An extension of the Nash bargaining solution to nonconvex problems

被引:63
作者
Conley, JP [1 ]
Wilkie, S [1 ]
机构
[1] CALTECH,DIV HUMANITIES & SOCIAL SCI,PASADENA,CA 91125
关键词
D O I
10.1006/game.1996.0023
中图分类号
F [经济];
学科分类号
02 ;
摘要
We investigate the domain of comprehensive but not necessarily convex bargaining problems. Without convexity the Nash solution is not well defined. We propose a new solution, the Nash extension, that coincides with the Nash solution when S is convex. We characterize it by weak Pareto optimality, symmetry, scale invariance, continuity, and a new axiom, ethical monotonicity. (C) 1996 Academic Press, Inc.
引用
收藏
页码:26 / 38
页数:13
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