Individual Rationality and Nash's Solution to the Bargaining Problem

1 February 1977

journal article
Published by Institute for Operations Research and the Management Sciences (INFORMS) in Mathematics of Operations Research

Vol. 2 (1), 64-65
https://doi.org/10.1287/moor.2.1.64

Abstract

The axiom of Pareto optimally in Nash's definition of a solution to the bargaining problem may be replaced by an axiom of individual rationality, without altering the result.

Keywords

NASH SOLUTION
BARGAINING PROBLEM
INDIVIDUAL RATIONALITY

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