Abstract

In a recent paper, Rubinstein, Safra, and Thomson reexamine the foundations of the axiomatic bargaining theory as formulated by Nash. In it they reinterpret the Nash bargaining solution and extend it to a family of nonexpected utility preferences, providing an interpretation of this solution concept and an axiomatization by means of a suitable translation of Nash axioms. This paper extends the work of these authors to the family, characterized by Kalai, of nonsymmetric solutions that appear from the Nash bargaining solution when the symmetry axiom is dropped. This extension requires an axiom relating the solution outcomes of isomorphic games. Journal of Economic Literature Classification Number: C78.

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