Feasible sets, comparative risk aversion, and comparative uncertainty aversion in bargaining
Article
Journal of Mathematical Economics
Issue number:
June 2016
Publisher:
Elsevier
Year:
2016
We study feasible sets of the bargaining problem under two different assumptions: the players are subjective expected utility maximizers or the players are Choquet expected utility maximizers. For the latter case, we consider the effects on bargaining solutions when players become more risk averse and when they become more uncertainty averse.