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Most of the economic literature on bargaining has focused on situations where the set of possible outcomes is taken as given. This paper is concerned with situations where decision-makers first need to identify the set of feasible outcomes before they bargain over which of them is selected. Our...
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I prove that the Nash bargaining solution is the only solution to satisfy 'Disagreement Point Convexity' and 'Midpoint Domination.' I explain how this improves previous results obtained by Chun (1990) and by Dagan et al. (2002)
Persistent link: https://www.econbiz.de/10014064864
Most of the economic literature on bargaining has focused on situations where the set of possible outcomes is taken as given. This paper is concerned with situations where decision-makers first need to identify the set of feasible outcomes before they bargain over which of them is selected. Our...
Persistent link: https://www.econbiz.de/10014186265