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Respond to the question: Axiomatic Bargaining?

 10/24/2014 05:40 AM by Sin; Axiomatic Bargaining
There are two players \$ N = \{1,2\}\$
The players either reach an *agreement* in the set \$A\$ or fail to reach an agreement in which *disagreement* event \$D\$ occurs.

Each player has preference ordering \$\succeq_i\$ over the set \$A \cup \{D\}\$
The objects \$N,A,D\$ and \$\succeq_i\$ define a bargaining situation.

**My question** is very basic. How does the set \$A\$ look like. What does this typical *disagreement event D* look like?

Suppose each player has to choose between three options \$X,Y,Z\$ and let player \$1\$'s preference be \$X \succeq Y \succeq Z\$ and that of player \$2\$ be \$Y \succeq X \succeq Z\$. So what will be set \$A\$? [Manage messages]

 10/24/2014 05:39 AM by Sin; Axiomatic Bargaining
A question on Axiomatic Bargaining approach of Nash [View full text and thread]