On the meaning of the Nash product
Trockel W (2003) Working Papers. Institute of Mathematical Economics; 354.
Bielefeld: Universität Bielefeld.
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Abstract / Bemerkung
The paper provides two alternative completions of the Pareto ordering on finite dimensional compact sets. Applied to bargaining games they lead to the Pareto efficient boundary and to the Nash solution, respectively, as sets of maximal elements. In particular, the second of these complete preorderings is represented by the Nash product. This provides an interesting "straightforward interpretation" that the Nash product according to Osborne and Rubinstein (1994, p. 303) is lacking.
Stichworte
Pareto boundary;
Bargaining game;
Nash product;
Nash solution
Erscheinungsjahr
2003
Serientitel
Working Papers. Institute of Mathematical Economics
Band
354
ISSN
0931-6558
Page URI
https://pub.uni-bielefeld.de/record/2315391
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Trockel W. On the meaning of the Nash product. Working Papers. Institute of Mathematical Economics. Vol 354. Bielefeld: Universität Bielefeld; 2003.
Trockel, W. (2003). On the meaning of the Nash product (Working Papers. Institute of Mathematical Economics, 354). Bielefeld: Universität Bielefeld.
Trockel, Walter. 2003. On the meaning of the Nash product. Vol. 354. Working Papers. Institute of Mathematical Economics. Bielefeld: Universität Bielefeld.
Trockel, W. (2003). On the meaning of the Nash product. Working Papers. Institute of Mathematical Economics, 354, Bielefeld: Universität Bielefeld.
Trockel, W., 2003. On the meaning of the Nash product, Working Papers. Institute of Mathematical Economics, no.354, Bielefeld: Universität Bielefeld.
W. Trockel, On the meaning of the Nash product, Working Papers. Institute of Mathematical Economics, vol. 354, Bielefeld: Universität Bielefeld, 2003.
Trockel, W.: On the meaning of the Nash product. Working Papers. Institute of Mathematical Economics, 354. Universität Bielefeld, Bielefeld (2003).
Trockel, Walter. On the meaning of the Nash product. Bielefeld: Universität Bielefeld, 2003. Working Papers. Institute of Mathematical Economics. 354.
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