Axiomatic Bargaining Game Theory (eBook, PDF)
H. J. Peters
eBook, PDF

Axiomatic Bargaining Game Theory (eBook, PDF)

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Many social or economic conflict situations can be modeled by specifying the alternatives on which the involved parties may agree, and a special alternative which summarizes what happens in the event that no agreement is reached. Such a model is called a bargaining game, and a prescription assigning an alternative to each bargaining game is called a bargaining solution. In the cooperative game-theoretical approach, bargaining solutions are mathematically characterized by desirable properties, usually called axioms. In the noncooperative approach, solutions are derived as equilibria of strategi...

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