The Nash bargaining solution for decision weight utility functions
نویسندگان
چکیده
منابع مشابه
The Nash Bargaining Solution and Interpersonal Utility Comparisons
Bargaining theory has a conceptual dichotomy at its core: according to one view, the utilities in the bargaining problem are meaningless numbers (v-N.M utilities), while according to another view they do have concrete meaning (willingness to pay). The former position is assumed by the Nash and Kalai-Smorodinsky solutions, and the latter is assumed by the egalitarian, utilitarian, and equal-loss...
متن کاملThe Coalitional Nash Bargaining Solution∗
The coalitional Nash bargaining solution is defined to be the core allocation for which the Nash product is maximal. We consider a non-cooperative model in which one team may form. The grand team, consisting of all players, generates the largest surplus. But a smaller team may form. We show that as players get more patient if an efficient and stationary equilibrium exists, it must deliver payof...
متن کاملCore-equivalence for the Nash bargaining solution
Core equivalence and shrinking of the core results are well known for economies. The present paper establishes counterparts for bargaining economies, a specific class of production economies (finite and infinite) representing standard two-person bargaining games and their continuum counterparts as coalition production economies. Thereby we get core equivalence of the Nash solution. The results ...
متن کاملGeneralized Nash Bargaining Solution for bandwidth allocation
For over a decade, the Nash bargaining solution (NBS) concept from cooperative game theory has been used in networks to share resources fairly. Due to its many appealing properties, it has recently been used for assigning bandwidth in a general topology network between applications that have linear utility functions. In this paper, we use this concept for allocating the bandwidth between applic...
متن کاملThe Nash Solution to the Bargaining Problem
Policy formation is a process of political interaction among individuals and groups. While some participants in the political process may share similar, or even identical interests, the political preferences of other participants diverge so that conflicts of interest among participating parties are unavoidable. Nevertheless, such conflicts are often resolved in the policy formulation process. T...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Economics Letters
سال: 1998
ISSN: 0165-1765
DOI: 10.1016/s0165-1765(98)00081-0