The Nash solution and relevant expansions

Anbarci, N.

Abstract

In this paper we propose a new axiom, Relevant Balanced Expansion Monotonicity (RBEM), to replace Nash's original Independence of Irrelevant Alternatives (IIA) axiom. Using the RBEM axiom and the other three original axioms suggested by Nash we provide a characterization of the Nash Solution.

• Journal Article Type: Article
• Publication Date: 1991-06
• Deposit Date: Aug 17, 2018
• Journal: Economics Letters
• Print ISSN: 0165-1765
• Publisher: Elsevier
• Peer Reviewed: Peer Reviewed
• Volume: 36
• Issue: 2
• Pages: 137-140
• DOI: https://doi.org/10.1016/0165-1765%2891%2990178-n
• Public URL: https://durham-repository.worktribe.com/output/1322566