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AA00260492-19890002-0001.pdf
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Title |
Title |
BARGAINING WITH DIFFERENTIAL SKILLS
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大山, 道廣
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Kana |
オオヤマ, ミチヒロ
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Romanization |
OHYAMA, Michihiro
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Agricultural Economics, THE KEIO ECONOMIC SOCIETY Keio University
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Keio Economic Society, Keio University
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1989
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Keio economic studies
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26
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2
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1989
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1
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End page |
4
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Abstract |
The Nash solution of two-person bargaining game is based on the axiom that all players have equal bargaining power. In this paper, it is extended to allow for possible differentials in individual bargaining skills. Assuming that the frontier of payoffs between players is convex, the solution is shown to obtain at the point where a Cobb-Douglas function defined over payoff space takes on the highest value along the frontier.
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