Bargaining and Markets
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ISBN-13:
9780125286329
Veröffentl:
1990
Einband:
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Erscheinungsdatum:
01.04.1990
Seiten:
232
Autor:
Martin J. Osborne
Gewicht:
495 g
Format:
235x157x17 mm
Sprache:
Englisch
Beschreibung:
The formal theory of bargaining originated with John Nash's work in the early 1950s. This book discusses the developments in this theory. It uses the tool of extensive games to construct theories of bargaining in which time is modeled explicitly, and also applies the theory of bargaining to the study of decentralized markets.
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.
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