Theories of the Bargaining Process

1st Edition

Alan Coddington

Routledge
Published October 19, 2010
Reference - 106 Pages
ISBN 9780415607452 - CAT# Y112980

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Summary

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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