A note on the group bargaining solution
The well known Nash's pure bargaining solution was generalized by the author [Zhang, X., 1995. The pure bargaining problem among coalitions. Asia-Pacific Journal of Operational Research 12, 1-15] for the bargaining problem with an exogenous coalition structure. Nash's axiom set was modified to develop a solution mapping for this new type of pure bargaining problem. Among other things, a similar solution concept for the same bargaining problem was given by [Chae, S., Heidhues, P., 2004. A group bargaining solution. Mathematical Social Sciences 48, 37-53]. Their solution's mathematical presentation is quite different from Zhang's solution. In this note, we present a proof to show that the two solutions are equivalent.
Year of publication: |
2009
|
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Authors: | Zhang, Xiaodong |
Published in: |
Mathematical Social Sciences. - Elsevier, ISSN 0165-4896. - Vol. 57.2009, 2, p. 155-160
|
Publisher: |
Elsevier |
Subject: | Game theory Bargaining problem Coalition |
Saved in:
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