Application of the Nash Bargaining Model to a Problem of Efficient Resources Use and Cost-Benefit Allocation

This paper presents an application of the Nash model to a combined problem of optimal use of a common facility and the related cost-benefit allocation considerations. Two alternative modifications and a diagrammatically procedure are developed. The conditions for an optimal Nash solution are derived. The Procedure is applied to a case where cooperation between farms can be considered.


Issue Date:
Jul 30 1989
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/270685
Language:
English
Total Pages:
18




 Record created 2018-04-04, last modified 2020-10-28

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