bargaining
From The New Palgrave Dictionary of Economics, Second Edition, 2008
Edited by
Steven
N.
Durlauf
and
Lawrence
E.
Blume
Alternate versions available:
1987 Edition
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Abstract
This article is a survey on bargaining theory. The focus is the game theoretic approach to bargaining, both on its axiomatic and strategic counterparts. The application of bargaining theory to large markets and its connections with competitive allocations are also discussed.
Keywords
asymmetric information; bargaining; Bayesian equilibrium; Edgeworth, F.; game theory; Harsanyi, J.; Hicks, J.; incomplete information; independence of irrelevant alternatives; Kalai–Smorodinsky bargaining solution; Morgenstern, O.; Nash equilibrium; Nash solution; Nash's demand game; Pareto efficiency; rational behaviour; risk aversion; subgame perfect equilibrium; ultimatum game; Von Neumann, J.; Walrasian outcomes; Zeuthen, F.
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How to cite this article
Serrano, Roberto. "bargaining." The New Palgrave Dictionary of Economics. Second Edition. Eds. Steven N. Durlauf and Lawrence E. Blume. Palgrave Macmillan, 2008. The New Palgrave Dictionary of Economics Online. Palgrave Macmillan. 11 August 2017 <http://www.dictionaryofeconomics.com/article?id=pde2008_B000073> doi:10.1057/9780230226203.0098