A bilateral consistency principle is used to generalize the Nash bargaining solution to a new NTU solution concept. It coincides with the prekernel for TU games and can be formulated in terms of a generalized concept of excess. Journal of Economic Literature Classification Number: C71.
Bibliographical noteFunding Information:
1 The research reported in this paper was supported by a grant of the Comision Interministerial de Ceincia y Technologia of Spain, by the Gobierno Vasco (project PI 95/101), and by the Direcci6n General de Ensenanza, Superior del Ministerio de Educaci6n y Cultura of the Spanish Government (project PB96-0247). This work was done while Gooni Orshan was staying at Basque Country University.
- NTU games; consistency; Nash bargaining solution; prekernel