Axiomatic Theory of Bargaining with a Variable Number of Agents
Book Details
Format
Hardback or Cased Book
ISBN-10
0521343836
ISBN-13
9780521343831
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Feb 24th, 1989
Print length
222 Pages
Weight
474 grams
Dimensions
16.10 x 23.60 x 2.00 cms
Product Classification:
EconometricsEconometrics and economic statistics
Ksh 19,600.00
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This book extrapolates on the Nash (1950) treatment of the bargaining problem to consider the situation where the number of bargainers may vary. The authors formulate axioms to specify how solutions should respond to such changes and provide new characterizations of all the major solutions as well as the generalizations of these solutions.
In this book, Professor Thomson and Professor Lensberg extrapolate upon the Nash (1950) treatment of the bargaining problem to consider the situation where the number of bargainers may vary. The authors formulate axioms to specify how solutions should respond to such changes, and provide new characterizations of all the major solutions as well as generalizations of these solutions. The book also contains several other comparative studies of solutions in the context of a variable number of agents. Much of the theory of bargaining can be rewritten within this context. The pre-eminence of the three solutions at the core of the classical theory is confirmed. These are the solutions introducted by Nash (1950) and two solutions axiomatized in the 1970s (Kalai-Smorodinsky and egalitarian solutions).
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