Non-dictatorial, Pareto-monotonic, cooperative bargaining
(1993)
Journal Article
Bigelow, J., & Anbarci, N. (1993). Non-dictatorial, Pareto-monotonic, cooperative bargaining. European Journal of Political Economy, 9(4), 551-558. https://doi.org/10.1016/0176-2680%2893%2990039-w
The only solutions to Nash's (1950) cooperative bargaining problem which are Pareto-monotonic, weakly Pareto-optimal, independent of equivalent utility representations, and individually rational are dictatorial solutions which maximize one agent's ut... Read More about Non-dictatorial, Pareto-monotonic, cooperative bargaining.