An extension of the Nash bargaining problem and the Nash social welfare function

Mamoru Kaneko

doi:10.1007/BF00154358

An extension of the Nash bargaining problem and the Nash social welfare function

Mamoru Kaneko

Research output: Contribution to journal › Article › peer-review

61 Citations (Scopus)

Abstract

This paper provides an extension of Nash's bargaining model. The extension permits the domain of a solution function to contain non-convex sets. First, it is shown that the proposed extension is a mathematical generalization of Nash's bargaining problem. Next, some relations between the extension and the Nash social welfare function are developed. The formal equivalence of the two constructs is demonstrated, and the intuitive significance of the results is discussed.

Original language	English
Pages (from-to)	135-148
Number of pages	14
Journal	Theory and Decision
Volume	12
Issue number	2
DOIs	https://doi.org/10.1007/BF00154358
Publication status	Published - 1980 Jun
Externally published	Yes

ASJC Scopus subject areas

Social Sciences (miscellaneous)
Economics and Econometrics

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