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Theories of the Bargaining Process

Theories of the Bargaining Process

Paperback

EconomicsGeneral Reference

ISBN10: 0415607450
ISBN13: 9780415607452
Publisher: Routledge
Published: Oct 19 2010
Pages: 126
Weight: 0.34
Height: 0.27 Width: 5.50 Depth: 8.50
Language: English
The rise of game theory has made bargaining one of the core issues in economic theory. Written at a theoretical and conceptual level, the book develops a framework for the analysis of bargaining processes. The framework focuses on the dynamic of the bargaining process, which is in contrast to much previous theoretical work on the subject, and most notably to the approaches stemming from game theory. Chapters include: * Decision-Making and Expectations in Theories of Bargaining * Decision-Making and Expectations in a Game Theory Model * Limitations of the Environment Concept * Game Theory as a Basis for a Theory of Bargaining * The Decision/Expectation/adjustment Approach * The Adjustment Process * Direct Interdependence and the Consistency of Decisions

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Economics