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.
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Social Sciences and Humanities
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Economics and Econometrics
Authors
Sonja Brangewitz, Jan-Philip Gamp,