Abstract
This paper provides an ethical intepretation of the Nash choice rule. In a setting in which (cardinal) utilities are interpersonally comparable, this procedure is characterised by an impartiality requirement and by the assumption that choices are not responsive to the agents' relative ability to convert resources into utility.
Similar content being viewed by others
REFERENCES
Denicoló, V. and Mariotti, M. (2000), Nash bargaining theory, nonconvex problems and social welfare orderings, Theory and Decision, 48: 351–358.
Hammond, P. (1991), Interpersonal comparisons of utility: why and how they are and should be made, in J. Elster and J.E. Roemer (eds), Interpersonal Comparisons of Well-Being, ch. 7, pp. 200–254 (Cambridge: Cambridge University Press).
Kalai, E. and Smorodinsky, M. (1975), Other solutions to Nashs bargaining problem, Econometrica 43: 513–518.
Kaneko, M. (1980), An extension of the Nash bargaining problem and the Nash social welfare function, Theory and Decision 12: 135–148.
Kolm, S. (1997), Justice and Equity (Cambridge, MA: The MIT Press) (translation of: Justice et Equité, Editions du CNRS, Paris, 1972).
Mariotti, M. (1998), Nash bargaining theory when the number of alternatives can be finite, Social Choice and Welfare 15: 413–421.
Mariotti, M. (1999), Fair bargains: distributive justice and Nash bargaining theory, Review of Economic Studies 66: 733–741.
Mariotti, M. (2000), Maximal-symmetry and the Nash solution, Social Choice and Welfare 17: 45–53.
Moulin, H. (1988), Axioms for Cooperative Decision Making (Amsterdam: North Holland).
Nash, J. (1950), The bargaining problem, Econometrica 18: 155–162.
Sen, A. (1970), Collective choice and social welfare (San Francisco: Holden-Day).
Suppes, P. (1966), Some formal models of grading principles, Synthese 6: 284–306.
Author information
Authors and Affiliations
Rights and permissions
About this article
Cite this article
Mariotti, M. An Ethical Interpretation of the Nash Choice Rule. Theory and Decision 49, 151–157 (2000). https://doi.org/10.1023/A:1005234101607
Issue Date:
DOI: https://doi.org/10.1023/A:1005234101607