Mediation and the Nash bargaining solution
type: Item
instance of: scholarly article
title: Mediation and the Nash bargaining solution
zbMATH Open document ID: 1018.91018
author: Charles A. Wilson
published in: Review of Economic Design
publication date: 2003-09-12T00:00:00Z
review text: The author studies a model of bargaining in which two parties use a mediator who sequentially makes random proposals until agreement by both parties is reached. The main result of the paper is that the subgame perfect payoffs converge to the asymmetric Nash bargaining solution if the discount rates become arbitrarily small. In this case, the weights are determined by the discount rates of the players.
reviewed by: S. Yanchuk
Mathematics Subject Classification ID: 91B26
Mathematics Subject Classification ID: 91A12
Mathematics Subject Classification ID: 91A05
zbMATH DE Number: 1761910
zbMATH Keywords: Nash bargaining solution
zbMATH Keywords: mediator
zbMATH Keywords: random proposals
MaRDI profile type: Publication
full work available at URL: s100580100057
OpenAlex ID: W2062993522
DOI: 10.1007/S100580100057
description: scientific article; zbMATH DE number 1761910