
doi: 10.2139/ssrn.2636176
We revisit the Nash model for two-person bargaining. A mediator knows agents' ordinal preferences over feasible proposals, but has incomplete information about their acceptance thresholds. We provide a behavioural characterisation under which the mediator recommends a proposal that maximises the probability that bargainers strike an agreement. Some major solutions are recovered as special cases; in particular, we offer a straightforward interpretation for the product operator underlying the Nash solution.
cooperative bargaining, target-based preferences, Nash solution, egalitarian and utilitarian solutions, mediation, copulas., jel: jel:D74, jel: jel:D82, jel: jel:C78
cooperative bargaining, target-based preferences, Nash solution, egalitarian and utilitarian solutions, mediation, copulas., jel: jel:D74, jel: jel:D82, jel: jel:C78
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