Individual Rationality and Nash's Solution to the Bargaining Problem

Published Online:https://doi.org/10.1287/moor.2.1.64

The axiom of Pareto optimally in Nash's definition of a solution to the bargaining problem may be replaced by an axiom of individual rationality, without altering the result.

INFORMS site uses cookies to store information on your computer. Some are essential to make our site work; Others help us improve the user experience. By using this site, you consent to the placement of these cookies. Please read our Privacy Statement to learn more.