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(DP 1985-13) An Extension of Fairness in Nash : A Revision
UPSE Discussion Papers
View Archive Info| Field | Value | |
| Title |
(DP 1985-13) An Extension of Fairness in Nash : A Revision
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| Creator |
Fabella, Raul V.
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| Description |
The Symmetry axiom which introduces a sense of fairness in the Nash axiom system for the 2-person allocation game does not apply to more general allowable utility spaces. We develop the concept of subsymmetric sets of replace the Symmetry axiom with the "Minimized Inequality Axiom" which includes the Symmetry axiom. We show that the Nash bargaining solution is robust against this generalization and by Nash own uniqueness result, still remains unique.
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| Publisher |
UPSE Discussion Papers
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| Contributor |
—
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| Date |
2010-08-31
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://www.econ.upd.edu.ph/dp/index.php/dp/article/view/293
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| Source |
UPSE Discussion Papers; 1985
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| Language |
eng
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| Relation |
http://www.econ.upd.edu.ph/dp/index.php/dp/article/view/293/353
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