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I define a restricted version of Nash's Independence that overcomes its major criticisms and then show that a one parameter class of asymmetric Kalai-Smorodinsky solutions is characterized by Restricted Independence, Scale Invariance, Pareto Optimality and Kalai and Smorodinsky's Individual...
Persistent link: https://www.econbiz.de/10014075758
I define a restricted version of Nash's Independence that overcomes its major criticisms and then show that a one parameter class of asymmetric Kalai-Smorodinsky solutions is characterized by Restricted Independence, Scale Invariance, Pareto Optimality and Kalai and Smorodinsky's Individual...
Persistent link: https://www.econbiz.de/10014076193
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