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Nash Bargaining versus Market Outcomes

Author

Listed:
  • Nirvikar Singh

    (Department of Economics, Social Sciences 1 University of California, Santa Cruz, CA 95064, USA)

Abstract

This paper compares the Nash Bargaining Solution and market outcomes in a simple n-person exchange economy. It shows how the two outcomes differ with respect toresponsiveness of equilibrium to differences in the curvature of the utility function, in endowments, and in market positions.

Suggested Citation

  • Nirvikar Singh, 2005. "Nash Bargaining versus Market Outcomes," Indian Economic Review, Department of Economics, Delhi School of Economics, vol. 40(1), pages 23-35, January.
    • Handle: RePEc:dse:indecr:v:40:y:2005:i:1:p:23-35
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    References listed on IDEAS

    as
    1. Ken Binmore & Ariel Rubinstein & Asher Wolinsky, 1986. "The Nash Bargaining Solution in Economic Modelling," RAND Journal of Economics, The RAND Corporation, vol. 17(2), pages 176-188, Summer.
    2. K. G. Binmore & M. J. Herrero, 1988. "Matching and Bargaining in Dynamic Markets," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 55(1), pages 17-31.
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    1. repec:dau:papers:123456789/12984 is not listed on IDEAS
    2. Philippe Delacote & Gabriela Simonet, 2013. "Readiness and Avoided deforestation policies: on the use of the REDD fund," Working Papers 1312, Chaire Economie du climat.

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    More about this item

    Keywords

    Nash Bargaining Solution; Competitive Equilibrium; Risk Aression;
    All these keywords.

    JEL classification:

    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory

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