Existence and Uniqueness of Ordinal Nash Outcomes

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Abstract

In this paper we present necessary and sufficient conditions for existence and uniqueness of ordinal Nash outcomes. These outcomes are derived from the ordinal Nash solution - a reinterpretation and an extension of the Nash bargaining solution that allows bargainers to have preference relations that are more general than expected utility. Our task is undertaken by the construction of a new notion called "induced utilities". Journal of Economic Literature Classification Number: C78.

Original languageEnglish
Pages (from-to)254-276
Number of pages23
JournalJournal of Economic Theory
Volume90
Issue number2
DOIs
StatePublished - Feb 2000

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