Bargaining and Markets (Economic Theory, Econometrics, and Mathematical Economics) - Hardcover

Rubinstein, Ariel

Hardcover

ISBN 10: 0125286325 ISBN 13: 9780125286329

Publisher: Emerald Publishing Limited, 1990

Synopsis

The formal theory of bargaining originated with John Nash's work in the early 1950s. This book discusses two recent developments in this theory. The first uses the tool of extensive games to construct theories of bargaining in which time is modeled explicitly. The second applies the theory of bargaining to the study of decentralized markets. Rather than surveying the field, the authors present a select number of models, each of which illustrates a key point. In addition, they give detailed proofs throughout the book. It uses a small number of models, rather than a survey of the field, to illustrate key points, and includes detailed proofs given as explanations for the models. The text has been class-tested in a semester-long graduate course.

About this title

From the Back Cover

This is the only book that presents the modern strategic theory of bargaining in detail and describes, in a consistent framework, a number of recent applications of this theory to the study of markets. Bargaining and Markets discusses two recent developments: the use of the tool of extensive games to construct theories of bargaining in which time is modeled explicitly and the application of this theory to the study of decentralized markets. Written by two of today's leading economic game theorists, this book will serve as a textbook for courses in bargaining and markets and as a supplemental text for graduate-level courses in game theory or bargaining.

Edition details

• Publisher: Emerald Publishing Limited
• Publication date: 1990
• Language: English
• ISBN 10: 0125286325
• ISBN 13: 9780125286329
• Binding: Hardcover
• Number of pages: 236