Econometrica: May 1975, Volume 43, Issue 3

Other Solutions to Nash's Bargaining Problem

https://doi.org/0012-9682(197505)43:3<513:OSTNBP>2.0.CO;2-L
p. 513-518

Ehud Kalai, Meir Smorodinsky

A two-person bargaining problem is considered. It is shown that under four axioms that describe the behavior of players there is a unique solution to such a problem. The axioms and the solution presented are different from those suggested by Nash. Also, families of solutions which satisfy a more limited set of axioms and which are continuous are discussed.
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