Negotiation set in two-person bargaining
ID: negotiation-set-in-two-person-bargaining
For a compact convex set of feasible payoff vectors and a specified disagreement point , the negotiation set is its individually rational Pareto frontier. It is the set of efficient agreements each player prefers at least weakly to disagreement. In a maximin bargaining solution, is the vector of the two security level payoffs. This usage is distinct from objection-and-counterobjection bargaining sets in coalitional-game theory.
New to topics? Read the docs here!