 Nash characterized the bargaining problem as a combination of (i) a feasible set of payoffs that a group of agents might achieve each of which is associated with a respective set of actions the agents must jointly agree to follow, and (ii) a nonagreement point that specifies what each agent receives in case they fail to follow any of these joint action sets. An example of Nash’s bargaining problem is the 2-agent Wine Problem depicted in  Figure 7  below.