Theory and Decision

, Volume 48, Issue 4, pp 351-358

First online:

Nash Bargaining Theory, Nonconvex Problems and Social Welfare Orderings

  • Vincenzo DenicolòAffiliated withDepartment of Economics, University of Bologna
  • , Marco MariottiAffiliated withDepartment of Economics, University of Exeter

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In this paper we deal with the extension of Nash bargaining theory to nonconvex problems. By focussing on the Social Welfare Ordering associated with a bargaining solution, we characterize the symmetric Nash Bargaining Solution (NBS). Moreover, we obtain a unified method of proof of recent characterization results for the asymmetric single-valued NBS and the symmetric multivalued NBS, as well as their extensions to different domains.

Bargaining Nash solution Nonconvex problems Social Welfare Orderings