Sharing a risky cake

Consider an n-person bargaining problem where players bargain over the division of a cake whose size is stochastic. In such a game, the players are not only bargaining over the division of a cake, but they are also sharing risk. This paper presents the Nash bargaining solution to this problem, investigates its properties, and highlights a few special cases.

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Year of publication:	2010-08
Authors:	Baqaee, David ; Watt, Richard
Institutions:	Reserve Bank of New Zealand

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Series:	Reserve Bank of New Zealand Discussion Paper Series.
Type of publication:	Book / Working Paper
Notes:	Number DP2010/06 16 pages long
Classification:	C23 - Models with Panel Data ; D10 - Household Behavior and Family Economics. General ; R20 - Household Analysis. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008674326