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BiPrints
Research . 1997
License: "In Copyright" Rights Statement
Data sources: BiPrints
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Publications at Bielefeld University
Research . 1997
License: "In Copyright" Rights Statement
SSRN Electronic Journal
Article . 1998 . Peer-reviewed
Data sources: Crossref
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The Nash Bargaining Solution is Nash Implementable

Authors: Naeve, Jörg;

The Nash Bargaining Solution is Nash Implementable

Abstract

Some authors present models in which they show that the Nash bargaining solution fails to be Maskin monotonic and hence cannot be implemented in Nash equilibrium. We find this results misleading and discuss how implementability of the Nash bargaining solution can be discussed in utility space. Arguing that the status quo should be treated as initial endowments, we keep it fixed and show that with this assumption the Nash bargaining solution satisfies Maskin monotonicity. The key property used in the proof is independence of irrelevant alternatives which also turns out to be a necessary condition for implementability. We also show that the Nash bargaining solution satisfies a sufficient condition for implementability independent of the number of agents.

Country
Germany
Keywords

330, Nash-Gleichgewicht, Verhandlungstheorie

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    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
3
Average
Average
Average
Green
bronze