The Nash bargaining problem provides a framework for analyzing
problems where parties have imperfectly aligned interests. This
Element reviews the parts of bargaining theory most important in
philosophical applications, and to social contract theory in
particular. It discusses rational choice analyses of bargaining
problems that focus on axiomatic analysis, according to which a
solution of a given bargaining problem satisfies certain formal
criteria, and strategic bargaining, according to which a solution
results from the moves of ideally rational and knowledgeable
claimants. Next, it discusses the conventionalist analyses of
bargaining problems that focus on how members of a society can
settle into bargaining conventions via learning and focal points.
In the concluding section this Element discusses how philosophers
use bargaining theory to analyze the social contract.
General
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