Social Choice and Welfare

, Volume 19, Issue 4, pp 811–823 | Cite as

A characterization of the Nash bargaining solution

  • Nir Dagan
  • Oscar Volij
  • Eyal Winter


We characterize the Nash bargaining solution replacing the axiom of Independence of Irrelevant Alternatives with three independent axioms: Independence of Non-Individually Rational Alternatives, Twisting, and Disagreement Point Convexity. We give a non-cooperative bargaining interpretation to this last axiom.


Disagreement Point Bargaining Solution Rational Alternative Nash Bargaining Solution Irrelevant Alternative 
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Copyright information

© Springer-Verlag Berlin Heidelberg 2002

Authors and Affiliations

  • Nir Dagan
    • 1
  • Oscar Volij
    • 2
  • Eyal Winter
    • 3
  1. 1. Academic Priority Ltd., Rashi 31, 52015 Ramat-Gan, Israel (e-mail:;
  2. 2. Department of Economics, 260 Heady Hall, Iowa State University, Ames, Iowa 50011, USA (e-mail address:;
  3. 3. Department of Economics, Hebrew University, Jerusalem 91905, Israel (e-mail: Web site:

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