Title |
Bargaining and Markets
|
Author |
Martin J. Osborne and Ariel Rubinstein |
|
Category
|
Game Theory
|
Type |
Online Book |
Description |
The formal theory of bargaining originated with John Nash's work in the early 1950s. In this book we discuss two recent developments in this theory. The first uses the tool of extensive games to construct theories of bargaining
in which time is modeled explicitly. The second applies the theory of bargaining to the study of decentralized markets. |
URL |
http://ww2.economics.utoronto.ca/osborne/bm/ |
