the complexities of the real-world example of the Brexit negotiations …

This paper studies the comparative statics regarding changes in risk on Nash's solution to bargaining games with … stochastic outcome and disagreement points. When absolute risk tolerance is linear with constant slope, the Nash's solution to … two risk-averse agents. We show that whether a deterioration of a bargainer's risky prospect is advantageous to his …

I show that in noncooperative bargaining between two players with risk aversion, the more risk averse player always … order of bargaining. I contrast my result with that of Roth (1985) that a risk averse player is disadvantaged when facing a … risk-neutral opponent. A recent result from Rausser and Simon (2016) disputing the adverse connection between Nash …