Chapter

Bargaining

James Bergin

in Microeconomic Theory

Published in print May 2005 | ISBN: 9780199280292
Published online July 2005 | e-ISBN: 9780191602498 | DOI: http://dx.doi.org/10.1093/0199280290.003.0017
 Bargaining

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Deals with bargaining. The discussion includes axiomatic and non-cooperative bargaining. Four axiomatic solutions are discussed: Egalitarian, Utilitarian, Nash and Kala–Smorodinsky. The connection between Nash bargaining and the alternating offers model is described.

Keywords: Axiomatic bargaining; non-cooperative foundations; the Nash bargaining solution

Chapter.  7134 words.  Illustrated.

Subjects: Microeconomics

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