Bilateral Bargaining: Theory and Applications

Bilateral Bargaining: Theory and Applications

by Stefan Napel

Paperback(2002)

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Product Details

ISBN-13: 9783540433354
Publisher: Springer Berlin Heidelberg
Publication date: 05/31/2002
Series: Lecture Notes in Economics and Mathematical Systems , #518
Edition description: 2002
Pages: 188
Product dimensions: 6.10(w) x 9.25(h) x 0.02(d)

Table of Contents

1. Essentials of Bargaining Theory.- 1.1 Early Formalizations and Models.- 1.2 Cooperative Solutions.- 1.2.1 The Nash Bargaining Solution.- 1.2.2 Alternative Solutions.- 1.3 Non-cooperative Models.- 1.3.1 Games with Finite Horizon.- 1.3.2 Rubinstein’s Alternating Offers Model.- 1.3.3 Strategic Bargaining with Incomplete Information.- 1.4 Evolutionary Models.- 1.4.1 Adaptive Play.- 1.4.2 Replicator Dynamics and the Ultimatum Minigame.- 1.4.3 Bargaining Automata.- 1.5 Empirical Evidence and Discussion.- 2. Aspiration-based Bargaining.- 2.1 Related Literature.- 2.2 The Model.- 2.3 Theoretical Results.- 2.4 Simulation Results.- 2.5 Concluding Remarks.- 2.6 Proofs.- 3. Bilateral Bargaining and Decision Power.- 3.1 Power Indices.- 3.2 Inferior Players.- 3.3 The Strict Power Index.- 3.4 Inferior Players in a Probabilistic Setting.- 3.5 Concluding Remarks.- 4. Bargaining and Justice.- 4.1 Bargaining Solutions and Principles of Social Justice.- 4.1.1 Nash Bargaining Solution.- 4.1.2 Kalai-Smorodinsky Bargaining Solution.- 4.1.3 Egalitarian and Utilitarian Bargaining Solutions.- 4.2 Rawls’s Theory of Justice.- 4.3 Binmore’s Theory of the Social Contract.- 4.4 Discussion.- Appendix: Game-theoretic Concepts, Notation, and Results.- List of Symbols.- List of Figures.- References.

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