Abstract
In bargaining theory a usual assumption is either that of von Neumann–Morgenstern utility functions or that of continuous preferences. In this note, we consider a bargaining model with lexicographic preferences for the two players. We show that the Rubinstein et al. (1992), definition can still be used to obtain a Nash solution. We also look briefly at the alternating offers approach.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.