{"title":"Nash bargaining is implementable via two-stage rights structures","authors":"Kemal Yıldız","doi":"10.1016/j.jebo.2025.107214","DOIUrl":null,"url":null,"abstract":"<div><div>Koray and Yildiz (2018) introduces a new framework for implementation in which the main tool to design is the <em>rights structure</em> introduced by Sertel (2001).It was assumed that there is only one stage to obtain the equilibrium outcome of a rights structure.We formulate implementation via two-stage rights structures and show that the <em>Nash bargaining solution</em> is implementable via two-stage rights structures.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"238 ","pages":"Article 107214"},"PeriodicalIF":2.3000,"publicationDate":"2025-09-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Economic Behavior & Organization","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0167268125003336","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
Koray and Yildiz (2018) introduces a new framework for implementation in which the main tool to design is the rights structure introduced by Sertel (2001).It was assumed that there is only one stage to obtain the equilibrium outcome of a rights structure.We formulate implementation via two-stage rights structures and show that the Nash bargaining solution is implementable via two-stage rights structures.
期刊介绍:
The Journal of Economic Behavior and Organization is devoted to theoretical and empirical research concerning economic decision, organization and behavior and to economic change in all its aspects. Its specific purposes are to foster an improved understanding of how human cognitive, computational and informational characteristics influence the working of economic organizations and market economies and how an economy structural features lead to various types of micro and macro behavior, to changing patterns of development and to institutional evolution. Research with these purposes that explore the interrelations of economics with other disciplines such as biology, psychology, law, anthropology, sociology and mathematics is particularly welcome.