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 language | English |
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Pages (from-to) | 254-276 |
Number of pages | 23 |
Journal | Journal of Economic Theory |
Volume | 90 |
Issue number | 2 |
DOIs | |
State | Published - Feb 2000 |