Unraveling the Nash Bargaining Theory

9 Pages Posted: 12 Dec 2009 Last revised: 4 Sep 2015

See all articles by Hak Choi

Hak Choi

Chienkuo Technology University - Department of International Business; Chung-Hua Institution for Economic Research

Date Written: December 11, 2009

Abstract

Nash (1950) proposes a bargaining theory. This paper proves that Nash’s theory is not about bargaining, but is the result of exchange. Exchange also requires bargaining, but exchange itself is not bargaining.

Keywords: Game, Bargaining, Comparative Advantage, Terms of Trade

JEL Classification: C78, F11

Suggested Citation

Choi, Hak, Unraveling the Nash Bargaining Theory (December 11, 2009). Available at SSRN: https://ssrn.com/abstract=1522333 or http://dx.doi.org/10.2139/ssrn.1522333

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Chienkuo Technology University - Department of International Business ( email )

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