Skip to main content
Log in

An Ethical Interpretation of the Nash Choice Rule

  • Published:
Theory and Decision Aims and scope Submit manuscript

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.

This is a preview of subscription content, log in via an institution to check access.

Access this article

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

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.

    Google Scholar 

  • 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).

    Google Scholar 

  • Kalai, E. and Smorodinsky, M. (1975), Other solutions to Nashs bargaining problem, Econometrica 43: 513–518.

    Google Scholar 

  • Kaneko, M. (1980), An extension of the Nash bargaining problem and the Nash social welfare function, Theory and Decision 12: 135–148.

    Google Scholar 

  • Kolm, S. (1997), Justice and Equity (Cambridge, MA: The MIT Press) (translation of: Justice et Equité, Editions du CNRS, Paris, 1972).

    Google Scholar 

  • Mariotti, M. (1998), Nash bargaining theory when the number of alternatives can be finite, Social Choice and Welfare 15: 413–421.

    Google Scholar 

  • Mariotti, M. (1999), Fair bargains: distributive justice and Nash bargaining theory, Review of Economic Studies 66: 733–741.

    Google Scholar 

  • Mariotti, M. (2000), Maximal-symmetry and the Nash solution, Social Choice and Welfare 17: 45–53.

    Google Scholar 

  • Moulin, H. (1988), Axioms for Cooperative Decision Making (Amsterdam: North Holland).

    Google Scholar 

  • Nash, J. (1950), The bargaining problem, Econometrica 18: 155–162.

    Google Scholar 

  • Sen, A. (1970), Collective choice and social welfare (San Francisco: Holden-Day).

    Google Scholar 

  • Suppes, P. (1966), Some formal models of grading principles, Synthese 6: 284–306.

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Rights and permissions

Reprints 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

Download citation

  • Issue Date:

  • DOI: https://doi.org/10.1023/A:1005234101607

Navigation