A New (Simplified) Derivation of Nash’s Bargaining Solution
2020 ◽
Vol 24
(5)
◽
pp. 589-592
According to the Nobelist John Nash, if a group of people wants to selects one of the alternatives in which all of them get a better deal than in a status quo situations, then they should select the alternative that maximizes the product of their utilities. In this paper, we provide a new (simplified) derivation of this result, a derivation which is not only simpler – it also does not require that the preference relation between different alternatives be linear.
2014 ◽
Vol 60
(3)
◽
pp. 175-187
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2012 ◽
Vol 23
(4)
◽
pp. 193-203
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Keyword(s):
2005 ◽
Vol 51
(1)
◽
pp. 36-36
Keyword(s):