Article ID Journal Published Year Pages File Type
957082 Journal of Economic Theory 2007 8 Pages PDF
Abstract

We establish a link between von Neumann–Morgenstern stable set and the Nash solution in a general nn-player utility set. The stable set-solution is defined with respect to a dominance relation: payoff vector u   dominates vv if one player prefers u even with one period delay. We show that a stable set exists and, if the utility set has a smooth surface, any stable set converges to the Nash bargaining solution when the length of the period goes to zero.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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