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.
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