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Most contributions in axiomatic bargaining are phrased in the space of utilities. This comes in sharp contrast with standards in most other branches of economic theory. The present paper shows how Nash’s original axiomatic system can be rephrased in a natural class of economic environments...
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point of view: we ask for stability of the solution if both players are able distort the underlying bargaining process by … Nash nor the Kalai-Smorodinsky solution are able to ensure stability in case reference to a third party is possible, we …
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