The generalized Nash bargaining solution and incentive compatible mechanisms (Q1196116)

The paper analyses whether the generalized Nash bargaining solution, which has been characterized by Harsanyi and Selten for bargaining problems with incomplete information by a set of axioms, can be characterized in the framework introduced by Myerson, where the possible outcomes of a bargaining problem are given by incentive compatible mechanisms. It is shown that a modification of the axioms given by Harsanyi and Selten uniquely determines the solution if the types of the players are independently distributed. If the types are not independently distributed the axioms do not suffice to characterize the solution.