Fleurbaey, Marc; Roemer, John E. - In: Theoretical Economics 6 (2011) 2, pp. 289-310
Axiomatic bargaining theory (e.g., Nash's theorem) is static. We attempt to provide a dynamic justification for the theory. Suppose a Judge or Arbitrator must allocate utility in an (infinite) sequence of two-person problems; at each date, the Judge is presented with a utility possibility set in...