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We consider bargaining problems with compact star-shaped choice sets arising from a class of economic bargaining environments. Convex or comprehensive (relative to the disagreement point) problems are star-shaped but not conversely. We characterize single-valued solutions satisfying the Nash...
Persistent link: https://www.econbiz.de/10012947706
We introduce log-convexity for bargaining problems. With the requirement of some basic regularity conditions, log-convexity is shown to be necessary and sufficient for Nash's axioms to determine a unique single-valued bargaining solution up to choices of bargaining powers. Specifically, we show...
Persistent link: https://www.econbiz.de/10013030373
We consider bargaining problems with compact star-shaped choice sets arising from a class of economic bargaining environments. Convex or comprehensive (relative to the disagreement point) problems are star-shaped but not conversely. We characterize single-valued solutions satisfying the Nash...
Persistent link: https://www.econbiz.de/10012945765