Article ID: | iaor19971492 |
Country: | Singapore |
Volume: | 12 |
Issue: | 1 |
Start Page Number: | 1 |
End Page Number: | 15 |
Publication Date: | May 1995 |
Journal: | Asia-Pacific Journal of Operational Research |
Authors: | Zhang Xiaodong |
Keywords: | Nash theory and methods |
The well-known Nash’s pure bargaining problem is generalized so that the bargaining units in the problem can be several coalitions. For the generalized model, the paper gives a series of axioms similar to those of Nash’s to lay on a solution mapping, and the interpretaions of the solution such as ‘utility-product’ maximizer and the principle of equivalence. This generalization is important to the problems concerning the fair division with a coalition structure and is theoretically useful for the cooperative games.