Deakin University
Browse

File(s) not publicly available

Fair bargains: Distributive justice and nash bargaining theory

journal contribution
posted on 1999-01-01, 00:00 authored by Marco MariottiMarco Mariotti
The Suppes-Sen dominance relation is a weak criterion of impartiality in distributive justice. I propose its application to Nash bargaining theory. The Nash Bargaining Solution (NBS) is characterized by replacing the controversial Independence of Irrelevant Alternatives axiom with an axiom embodying the Suppes-Sen principle. This allows a clear interpretation of the NBS as a fair arbitration scheme. In addition, the proposed characterization is more robust than the standard one with respect to variations in the domain of bargaining problems. © 1999 The Review of Economic Studies Limited.

History

Journal

Review of Economic Studies

Volume

66

Issue

3

Pagination

733 - 761

ISSN

0034-6527

Usage metrics

    Research Publications

    Exports

    RefWorks
    BibTeX
    Ref. manager
    Endnote
    DataCite
    NLM
    DC