{"title":"A coco theory for cooperative bargaining","authors":"Shiran Rachmilevitch","doi":"10.1016/j.jebo.2025.107249","DOIUrl":null,"url":null,"abstract":"<div><div>I introduce a <em>coco decomposition</em> for bargaining solutions, analogous to the one Kalai and Kalai (2013) introduced for 2-person games in strategic form. On the basis of this decomposition I formulate a <em>coco axiom</em>, and show that the Nash bargaining solution is the unique scale covariant solution that satisfies it.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"238 ","pages":"Article 107249"},"PeriodicalIF":2.3000,"publicationDate":"2025-09-19","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/S0167268125003683","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
I introduce a coco decomposition for bargaining solutions, analogous to the one Kalai and Kalai (2013) introduced for 2-person games in strategic form. On the basis of this decomposition I formulate a coco axiom, and show that the Nash bargaining solution is the unique scale covariant solution that satisfies it.
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.