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Maximal symmetry and the Nash solution. (English) Zbl 1069.91580
Summary: The Nash Bargaining Solution is characterised by using the new axiom of Maximal Symmetry in place of Nash’s Independence of Irrelevant Alternatives and Symmetry. This axiom expresses the idea that a fair arbitrator should treat symmetric alternatives in the same way, subject to the feasibility constraint. An advantage of the proposed characterisations is that they are valid on a wide set of domains, in particular domains including, or consisting of, non-convex problems.
Reviewer: Reviewer (Berlin)

MSC:
91B50 General equilibrium theory
91A12 Cooperative games
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