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Nash bargaining theory, nonconvex problems and social welfare orderings. (English) Zbl 0963.91052
Summary: We deal with the extension of Nash bargaining theory to nonconvex problems. By focussing on the social welfare ordering associated with a bargaining solution, we characterize the symmetric Nash Bargaining Solution (NBS). Moreover, we obtain a unified method of proof of recent characterization results for the asymmetric single-valued NBS and the symmetric multivalued NBS, as well as their extensions to different domains.

MSC:
91B26 Auctions, bargaining, bidding and selling, and other market models
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