Bargaining and Markets
Author:   Martin J. Osborne ,  Ariel Rubinstein
Publisher:   Emerald Publishing Limited
ISBN:  

9780125286329


Pages:   236
Publication Date:   28 April 1990
Format:   Hardback
Availability:   In Print   Availability explained
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Bargaining and Markets


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Overview

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.

Full Product Details

Author:   Martin J. Osborne ,  Ariel Rubinstein
Publisher:   Emerald Publishing Limited
Imprint:   Academic Press Inc
Dimensions:   Width: 15.20cm , Height: 1.70cm , Length: 22.90cm
Weight:   0.519kg
ISBN:  

9780125286329


ISBN 10:   0125286325
Pages:   236
Publication Date:   28 April 1990
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print   Availability explained
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

Table of Contents

Introduction. Bargaining Theory: The Axiomatic Approach. Nash's Solution. The Strategic Approach. A Model of Alternating Offers. The Relation between the Axiomatic and Strategic Approaches. A Strategic Model of Bargaining between Incompletely Informed Players. Models of Decentralized Trade: First Approach Using the Nash Solution. Strategic Bargaining in a Steady State Market. Strategic Bargaining in a Market with One-Time Entry. The Role of the Trading Procedure. The Role of Anonymity. References. Index.

Reviews

This is a well written book on an important topic. Everyone should run out and buy a copy. --GAMES AND ECONOMIC BEHAVIOR Osborne and Rubenstein's authoritative book represents a landmark in the evolution of bargaining theory. Future research in the field will undoubtedly take the ideas presented in this book as a starting point. Accordingly, it should be read and digested by anyone with a serious interest in formal models of the bargaining process. --CANADIAN JOURNAL OF ECONOMICS


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