On the n-player bargaining problem : the uniform density approach
Part of : Σπουδαί : journal of economics and business ; Vol.47, No.1-2, 1997, pages 3-14
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3-14
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In an earlier paper we showed that the Nash Bargaining solution for 2-player demand games can be obtained as a non-cooperative solution if each player assumes a uniform density over the choices of his opponent. In this paper we investigate the possibility of recapturing the Harsanyi-Nash bargaining solution for N-player games through an extension of the uniform density argument. We show that for certain games a direct generalization is possible. Also, in all games, the Harsanyi-Nash solution is obtained if each player bargains separately with every other player and ascribes a uniform density over his opponent's choices.
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