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Nash Bargaining Theory, Nonconvex Problems and Social Welfare Orderings

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Abstract

In this paper we deal with the extension of Nash bargaining theory to nonconvex problems. By focussing on the Social Welfare Ordering associated with a bargaining solution, we characterize the symmetric Nash Bargaining Solution (NBS). Moreover, we obtain a unified method of proof of recent characterization results for the asymmetric single-valued NBS and the symmetric multivalued NBS, as well as their extensions to different domains.

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Authors and Affiliations

  1. Department of Economics, University of Bologna, UK

    Vincenzo Denicolò

  2. Department of Economics, University of Exeter, UK

    Marco Mariotti

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  1. Vincenzo Denicolò
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  2. Marco Mariotti
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Denicolò, V., Mariotti, M. Nash Bargaining Theory, Nonconvex Problems and Social Welfare Orderings. Theory and Decision 48, 351–358 (2000). https://doi.org/10.1023/A:1005278100070

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  • DOI: https://doi.org/10.1023/A:1005278100070

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