Implementation of Nash bargaining solutions with non-convexity

Cheng Zhong QIN; Guofu TAN; Adam Chi Leung WONG

doi:10.1016/j.econlet.2019.02.016

Implementation of Nash bargaining solutions with non-convexity

Cheng Zhong QIN, Guofu TAN, Adam Chi Leung WONG

Department of Economics

Research output: Journal Publications › Journal Article (refereed) › peer-review

4 Citations (Scopus)

Abstract

Nash solutions for two-player bargaining problems with non-convexity are shown to be dictatorial selections of Nash product maximizers in recent literature. In this paper we show that these solutions are implementable as unique subgame perfect equilibrium payoff allocations of a sequential game.

Original language	English
Pages (from-to)	46-49
Number of pages	4
Journal	Economics Letters
Volume	178
Early online date	20 Feb 2019
DOIs	https://doi.org/10.1016/j.econlet.2019.02.016
Publication status	Published - May 2019

Keywords

Bargaining problem
Non-convexity
Nash solution
Implementation

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10.1016/j.econlet.2019.02.016

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title = "Implementation of Nash bargaining solutions with non-convexity",

abstract = "Nash solutions for two-player bargaining problems with non-convexity are shown to be dictatorial selections of Nash product maximizers in recent literature. In this paper we show that these solutions are implementable as unique subgame perfect equilibrium payoff allocations of a sequential game.",

keywords = "Bargaining problem, Non-convexity, Nash solution, Implementation",

author = "QIN, {Cheng Zhong} and Guofu TAN and WONG, {Adam Chi Leung}",

year = "2019",

month = may,

doi = "10.1016/j.econlet.2019.02.016",

language = "English",

volume = "178",

pages = "46--49",

journal = "Economics Letters",

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T1 - Implementation of Nash bargaining solutions with non-convexity

AU - QIN, Cheng Zhong

AU - TAN, Guofu

AU - WONG, Adam Chi Leung

PY - 2019/5

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N2 - Nash solutions for two-player bargaining problems with non-convexity are shown to be dictatorial selections of Nash product maximizers in recent literature. In this paper we show that these solutions are implementable as unique subgame perfect equilibrium payoff allocations of a sequential game.

AB - Nash solutions for two-player bargaining problems with non-convexity are shown to be dictatorial selections of Nash product maximizers in recent literature. In this paper we show that these solutions are implementable as unique subgame perfect equilibrium payoff allocations of a sequential game.

KW - Bargaining problem

KW - Non-convexity

KW - Nash solution

KW - Implementation

UR - http://www.scopus.com/inward/record.url?scp=85062105735&partnerID=8YFLogxK

U2 - 10.1016/j.econlet.2019.02.016

DO - 10.1016/j.econlet.2019.02.016

M3 - Journal Article (refereed)

SN - 0165-1765

VL - 178

SP - 46

EP - 49

JO - Economics Letters

JF - Economics Letters

ER -

Implementation of Nash bargaining solutions with non-convexity

Abstract

Keywords

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