Symmetry-based compromise and the Nash solution to convex bargaining problems |
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| Authors: | Yongsheng Xu |
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| Affiliation: | Department of Economics, Andrew Young School of Economics, Georgia State University, Atlanta, GA 30303, United States Central University of Finance and Economics, China |
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| Abstract: | A new axiom, symmetry-based compromise, is introduced to study solutions to convex bargaining problems. It is shown that any efficient solution that is also scale invariant and satisfies symmetry-based compromise must be Nash. |
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| Keywords: | C78 C71 D7 |
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