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This note gives explicit formulas for the non-expected utility Nash- as well as the Kalai-Smorodinsky bargaining solution.
Persistent link: https://www.econbiz.de/10005550936
This paper extends the analogy previously established by Leamer (1978a), between a Bayesian inference problem and an economics allocation problem, and shows that posterior modes can be interpreted as optimal outcomes of a bargaining game. This bargaining game, over a parameter value, is played...
Persistent link: https://www.econbiz.de/10005119185