No SDES-2018-11
Title An equitable Nash solution to nonconvex bargaining problems
Author Yongsheng Xu and Naoki Yoshihara
Abstract This paper studies the Nash solution to non-convex bargaining problems. Given the multiplicity of the Nash solution in this context, we refine the Nash solution by incorporating an equity consideration. The proposed refinement is defined as the composition of the Nash solution and a variant of the Kalai Smorodinsky solution. We then present an axiomatic characterization of the new solution.
Revised version published in International Journal of Game Theory