The Nash bargaining solution and utilitarian–egalitarian social welfare functions

Shiran Rachmilevitch

doi:10.1016/j.econlet.2024.111958

The Nash bargaining solution and utilitarian–egalitarian social welfare functions

Shiran Rachmilevitch

Department of Economics

Research output: Contribution to journal › Article › peer-review

Abstract

The 2-person Nash bargaining solution is the only scale covariant one that maximizes, on every problem, some mixture of the utilitarian and egalitarian social welfare functions. With three or more players, no solution satisfies these two axioms.

Original language	English
Article number	111958
Journal	Economics Letters
Volume	244
DOIs	https://doi.org/10.1016/j.econlet.2024.111958
State	Published - Nov 2024

Bibliographical note

Publisher Copyright:
© 2024 The Author(s)

Keywords

Bargaining
Egalitarianism
Utilitarianism

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1016/j.econlet.2024.111958

Cite this

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The Nash bargaining solution and utilitarian–egalitarian social welfare functions

Abstract

Bibliographical note

Keywords

ASJC Scopus subject areas

Access to Document

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