Bargaining Theory

by Peter Vanderschraaf

Overview

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.

Product Details

ISBN-13:	9781108706681
Publisher:	Cambridge University Press
Publication date:	03/09/2023
Series:	Elements in Decision Theory and Philosophy
Pages:	75
Product dimensions:	5.98(w) x 8.94(h) x 0.28(d)

Table of Contents

1. Introduction; 2. Motivating problems; 3. Defining the problem; 4. Solution concepts; 5. Rational choice justifications of solutions; 6. Bargaining conventions; 7. The Nash bargaining problem as a tool for analyzing the social contract; Appendix. Braithwaite ranking; Bibliography.