Citation:
Mas-Colell, Sergiu Hart, and Andreu. “Bargaining And Value”. Discussion Papers 1995. Web.
Abstract:
We present and analyze a model of non-cooperative bargaining among n participants, applied to situations describable as games in coalitional form. This leads to a unified theory that has as special cases the Shapley value in the transferable utility case, the Nash bargaining solution in the pure bargaining case, and the recently introduced Maschler-Owen consistent value solution in the general (non-transferable utility) case.