The Probability to Reach an Agreement as a Foundation for Axiomatic Bargaining
Abstract
We revisit the Nash bargaining model and axiomatize a procedural solution that maximizes the probability of successful bargaining. Our characterization spans several known solution concepts, including the special cases of the Nash, egalitarian, and utilitarian solutions. Using a probability‐based language, we offer a natural interpretation for the product operator underlying the Nash solution: when the bargainers' individual acceptance...
Paper Details
Title
The Probability to Reach an Agreement as a Foundation for Axiomatic Bargaining
Published Date
Jan 1, 2019
Journal
Volume
87
Issue
3
Pages
837 - 865
Citation AnalysisPro
You’ll need to upgrade your plan to Pro
Looking to understand the true influence of a researcher’s work across journals & affiliations?
- Scinapse’s Top 10 Citation Journals & Affiliations graph reveals the quality and authenticity of citations received by a paper.
- Discover whether citations have been inflated due to self-citations, or if citations include institutional bias.
Notes
History