The asymmetric Nash bargaining solution is characterized on the basis of independence of irrelevant alternatives, independence of equivalent utility representations, and a new axiom—moderate collective rationality. The latter is logically weaker than Roth’s (Math Oper Res 2:64–65, 1977) strong individual rationality and logically stronger than Anbarci and Sun’s (Soc Choice Welf 37:425–429, 2011) weakest collective rationality.
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- Asymmetric Nash solution
ASJC Scopus subject areas
- Economics, Econometrics and Finance (all)