Abstract
We characterize the Nash bargaining solution replacing the axiom of Independence of Irrelevant Alternatives with three independent axioms: Independence of Non-Individually Rational Alternatives, Twisting, and Disagreement Point Convexity. We give a non-cooperative bargaining interpretation to this last axiom.
Original language | English |
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Pages (from-to) | 811-823 |
Number of pages | 13 |
Journal | Social Choice and Welfare |
Volume | 19 |
Issue number | 4 |
DOIs | |
State | Published - Oct 2002 |