| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5059105 | Economics Letters | 2013 | 4 Pages |
Abstract
â¢We link asymmetric Nash bargaining and competitive behavior in markets.â¢Every bargaining game is a market game.â¢Asymmetric Nash bargaining solutions correspond to competitive equilibrium payoffs.â¢The bargaining weights are reflected in the market through the equilibrium prices.
We establish a link between cooperative and competitive behavior. For every possible vector of weights of an asymmetric Nash bargaining solution there exists a market that has this asymmetric Nash bargaining solution as its unique competitive payoff vector.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Sonja Brangewitz, Jan-Philip Gamp,
