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Other Solutions to Nash's Bargaining Problem

by: Ehud Kalai, Meir Smorodinsky
Econometrica, Vol. 43, No. 3. (1975), pp. 513-518.

X Abstract

A two-person bargaining problem is considered. It is shown that under four axioms that describe the behavior of players there is a unique solution to such a problem. The axioms and the solution presented are different from those suggested by Nash. Also, families of solutions which satisfy a more limited set of axioms and which are continuous are discussed.

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