Nash Bargaining Versus Market Outcomes
UC Santa Cruz Economics Working Paper No. 526
11 Pages Posted: 17 Oct 2002
Date Written: September 2002
This paper compares the NBS and market outcomes in a simple n-person economy. It shows how the two outcomes differ with respect to responsiveness to differences in risk aversion, endowments, and market positions.
JEL Classification: C78
Suggested Citation: Suggested Citation