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Business Bargaining and Markets

Posted on 2010-03-15




Name:Business Bargaining and Markets
ASIN/ISBN:0125286325
Language:English
File size:1.05 Mb
Publish Date: 1990
Pages: 232 pages
ISBN: 0125286325
File Type: PDF
File Size: 1.05 MB
Other Info: Academic Press
   Business Bargaining and Markets

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Bargaining and Markets

The formal theory of bargaining originated with John Nash's work in the early 1950s. This book discusses two recent developments in this theory. The first uses the tool of extensive games to construct theories of bargaining in which time is modeled explicitly. The second applies the theory of bargaining to the study of decentralized markets. Rather than surveying the field, the authors present a select number of models, each of which illustrates a key point. In addition, they give detailed proofs throughout the book.

Key Features

* Uses a small number of models, rather than a survey of the field, to illustrate key points

* Detailed proofs are given as explanations for the models

* Text has been class-tested in a semester-long graduate course

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