Distortion of preferences and the Nash theory of bargaining |
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| Authors: | Vincent P Crawford Hal R Varian |
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| Institution: | University of California, San Diego, La Jolla, CA 92093, USA;University of Michigan, Ann Arbor, MI 48109, USA |
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| Abstract: | It is shown that in Nash bargaining over division of a single good, when agents are allowed to distort their von Neumann-Morgenstern utility functions into any (weakly) concave form, reporting linear utility functions constitutes a unique dominant-strategy Nash equilibrium. |
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