Citation:
Mas-Colell, S. H., & Andreu, . (1995). Bargaining and Value. Discussion Papers. presented at the 1, Econometrica 64 (1996), 357-380. Retrieved from /files/ nbarg.html
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.