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6 Nash Bargaining Players 1 and 2 bargain over how to split a pie of size 1. Suppose the players simultaneously announce h0w much of
6 Nash Bargaining Players 1 and 2 bargain over how to split a pie of size 1. Suppose the players simultaneously announce h0w much of the pie they claim for themselves. Let mi denote the claim of player 1' 6 {1, 2}. Claims have to satisfy 0 5 mi 5 1. If 1:1 + 932 g 1 then each player gets her claim, i.e. player 1 gets :51 and player 2 gets 32. If :31 + 322 > 1, then neither player gets anything. Suppose that each player's utility is strictl}r increasing in the amount of pie she gets. Find all Nash equilibria
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