Original paper
Target-Based Solutions for Nash Bargaining
Abstract
We revisit the Nash model for two-person bargaining. A mediator knows agents' ordinal preferences over feasible proposals, but has incomplete information about their acceptance thresholds. We provide a behavioural characterisation under which the mediator recommends a proposal that maximises the probability that bargainers strike an agreement. Some major solutions are recovered as special cases; in particular, we offer a straightforward...
Paper Details
Title
Target-Based Solutions for Nash Bargaining
Published Date
Jan 1, 2015
Journal
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Notes
History