Nash Bargaining Theory,Nonconvex Problems and Social Welfare Orderings |
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Authors: | Denicolò Vincenzo Mariotti Marco |
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Affiliation: | (1) Department of Economics, University of Bologna, UK;(2) Department of Economics, University of Exeter, UK |
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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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Keywords: | Bargaining Nash solution Nonconvex problems Social Welfare Orderings |
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