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Axiomatic Bargaining Game Theory (Paperback, Softcover reprint of hardcover 1st ed. 1992)
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Axiomatic Bargaining Game Theory (Paperback, Softcover reprint of hardcover 1st ed. 1992)
Series: Theory and Decision Library C, 9
Expected to ship within 10 - 15 working days
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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.
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