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Nash bargaining solution - MIT OpenCourseWare

Nash bargaining solution - MIT OpenCourseWare

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Mar 30, 2010 · Existence of an optimal solution: Since the set U is compact and the objective function of problem (1) is continuous, there exists an optimal solution for problem (1). Uniqueness of the optimal solution: The objective function of problem (1) is strictly quasi-concave. Therefore, problem (1) has a unique optimal solution. 11

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