A characterization of the asymmetric Nash solution

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Abstract

The asymmetric Nash bargaining solution is characterized on the basis of independence of irrelevant alternatives, independence of equivalent utility representations, and a new axiom—moderate collective rationality. The latter is logically weaker than Roth’s (Math Oper Res 2:64–65, 1977) strong individual rationality and logically stronger than Anbarci and Sun’s (Soc Choice Welf 37:425–429, 2011) weakest collective rationality.

Original languageAmerican English
Article number4
Pages (from-to)167-171
Number of pages5
JournalReview of Economic Design
Volume19
Issue number2
DOIs
StatePublished - 23 Jun 2015

Keywords

  • Asymmetric Nash solution
  • Axioms
  • Bargaining

All Science Journal Classification (ASJC) codes

  • General Economics,Econometrics and Finance

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