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Author: H.J. Peters Publisher: Springer Science & Business Media ISBN: 9401580227 Category : Business & Economics Languages : en Pages : 244
Book Description
Many social or economic conflict situations can be modeled by specifying the alternatives on which the involved parties may agree, and a special alternative which summarizes what happens in the event that no agreement is reached. Such a model is called a bargaining game, and a prescription assigning an alternative to each bargaining game is called a bargaining solution. In the cooperative game-theoretical approach, bargaining solutions are mathematically characterized by desirable properties, usually called axioms. In the noncooperative approach, solutions are derived as equilibria of strategic models describing an underlying bargaining procedure. Axiomatic Bargaining Game Theory provides the reader with an up-to-date survey of cooperative, axiomatic models of bargaining, starting with Nash's seminal paper, The Bargaining Problem. It presents an overview of the main results in this area during the past four decades. Axiomatic Bargaining Game Theory provides a chapter on noncooperative models of bargaining, in particular on those models leading to bargaining solutions that also result from the axiomatic approach. The main existing axiomatizations of solutions for coalitional bargaining games are included, as well as an auxiliary chapter on the relevant demands from utility theory.
Author: Alvin E. Roth Publisher: Cambridge University Press ISBN: 9780511528309 Category : Business & Economics Languages : en Pages : 0
Book Description
Game-Theoretic Models of Bargaining provides a comprehensive picture of the new developments in bargaining theory. It especially shows the way the use of axiomatic models has been complemented by the new results derived from strategic models. The papers in this volume are edited versions of those given at a conference on Game Theoretic Models of Bargaining held at the University of Pittsburgh. There are two distinct reasons why the study of bargaining is of fundamental importance in economics. The first is that many aspects of economic activity are directly influenced by bargaining between and among individuals, firms, and nations. The second is that bargaining occupies an important place in economic theory, since the 'pure bargaining problem' is at the opposite pole of economic phenomena from the case of 'perfect competition'. This volume is an outgrowth of the renewed interest in the strategic approach to the theory of bargaining and to the general theory of non-cooperative games.
Author: Abhinay Muthoo Publisher: Cambridge University Press ISBN: 9780521576475 Category : Business & Economics Languages : en Pages : 378
Book Description
Graduate textbook presenting abstract models of bargaining in a unified framework with detailed applications involving economic, political and social situations.
Author: Harold Houba Publisher: Springer Science & Business Media ISBN: 1402071833 Category : Business & Economics Languages : en Pages : 330
Book Description
The modern theory of threats in bargaining situations is presented in a unified and systematic treatment that puts the existing literature in a new perspective. Harold Houba and Wilko Bolt provide a masterful synthesis of the fundamental results obtained in the rapidly expanding game-theoretic literature. The relative impacts of the fundamental forces on the bargaining outcome are discussed and related to the visions expressed by Nobel-laureate John Nash. Many topics -such as robustness of the results with respect to the diversity of known bargaining procedures, the role of commitment and policy bargaining situations- receive their most extensive treatment to date. Credible Threats in Negotiations is suitable as a textbook for graduate students in economic theory and other social sciences and a necessity as a resource for scholars interested in bargaining situations.
Author: A. J. Jones Publisher: Horwood Publishing ISBN: 9781898563143 Category : Mathematics Languages : en Pages : 304
Book Description
This modern, still relevant text is suitable for senior undergraduate and graduate students, teachers and professionals in mathematics, operational research, economics, sociology; and psychology, defence and strategic studies, and war games. Engagingly written with agreeable humor, the book can also be understood by non-mathematicians. It shows basic ideas of extensive form, pure and mixed strategies, the minimax theorem, non-cooperative and co-operative games, and a ''first class'' account of linear programming, theory and practice. The text is self-contained with comprehensive source references. Based on a series of lectures given by the author in the theory of games at Royal Holloway College, it gives unusually comprehensive but concise treatment of co-operative games, an original account of bargaining models, with a skilfully guided tour through the Shapely and Nash solutions for bimatrix games and a carefully illustrated account of finding the best threat strategies.
Author: Debraj Ray Publisher: Oxford University Press ISBN: 019920795X Category : Business & Economics Languages : en Pages : 336
Book Description
Drawing upon and extending his inaugural Lipsey Lectures, Debraj Ray looks at coalition formation from the perspective of game theory. Ray brings together developments in both cooperative and noncooperative game theory to study the analytics of coalition formation and binding agreements.
Author: John Keith Murnighan Publisher: William Morrow ISBN: Category : Business & Economics Languages : en Pages : 264
Book Description
How to master the game of negotiation, from a groundbreaking game theorist. By focusing on the basics and introducing the most sophisticated negotiation techniques, Murnighan shows how game theory can be applied to negotiations, ranging from the most inconsequential to the vital.
Author: K. G. Binmore Publisher: MIT Press ISBN: 9780262023566 Category : Business & Economics Languages : en Pages : 372
Book Description
seventeen contributions reflecting the many diverse approaches in the field todayThese seventeen contributions take up the most recent research in game theory, reflecting the many diverse approaches in the field today. They are classified in five general tactical categories - prediction, explanation, investigation, description, and prescription - and wit in these along applied and theoretical divisions. The introduction clearly lays out this framework.