Category

Number of Access this item:901（2024-04-25 17:02 Counts）

Identifier to cite or link to this item: https://hdl.handle.net/10086/23298

Link to primary information 

File Format Size Views Description
cover_23298 pdf
DP580 pdf 237 KB 1,241

Item Information

Output File

Title
Rationality and Solutions to Nonconvex Bargaining Problems: Rationalizability and Nash Solutions
Creator
Creator Name
Xu, Yongsheng Xu, Yongsheng
Affiliation
Affiliation Name
Georgia State University
Creator Name
Yoshihara, Naoki Yoshihara, Naoki
吉原, 直毅 吉原, 直毅
Affiliation
Affiliation Name
Hitotsubashi University
Editor
Contributor Name
Institute of Economic Research, Hitotsubashi University
JEL
C71
C78
D63
D71
Abstract
Conditions α and β are two well-known rationality conditions in the theory of rational choice. This paper examines the implications of weaker versions of these two rationality conditions in the context of solutions to nonconvex bargaining problems. It is shown that, together with the standard axioms of efficiency and strict individual rationality, they imply rationalizability of solutions to nonconvex bargaining problems. We then characterize asymmetric Nash solutions by imposing a continuity and the scale invariance requirements. These results make a further connection between solutions to non-convex bargaining problems and rationalizability of choice function in the theory of rational choice.
Description
41122
Publisher
Institute of Economic Research, Hitotsubashi University
Issued Date
2012-11
Language
English(eng)
Resource Type
technical report
Version Type
VoR
Is Part OfRelation -
Related Title
Discussion paper series. A ; No. 580
NCID
AA11476336
Number of Pages
17
Appears in Collections
Discussion paper series / Institute of Economic Research, Hitotsubashi University
URL
https://hdl.handle.net/10086/23298