<p>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 <em>bargaining</em><em>game</em>, and a pr
Axiomatic Models of Bargaining
β Scribed by Alvin E. Roth (auth.)
- Publisher
- Springer-Verlag Berlin Heidelberg
- Year
- 1979
- Tongue
- English
- Leaves
- 128
- Series
- Lecture Notes in Economics and Mathematical Systems 170
- Edition
- 1
- Category
- Library
No coin nor oath required. For personal study only.
β¦ Synopsis
The problem to be considered here is the one faced by bargainers who must reach a consensus--i.e., a unanimous decision. Specifically, we will be considΒ ering n-person games in which there is a set of feasible alternatives, any one of which can be the outcome of bargaining if it is agreed to by all the bargainers. In the event that no unanimous agreement is reached, some pre-specified disagreeΒ ment outcome will be the result. Thus, in games of this type, each player has a veto over any alternative other than the disagreement outcome. There are several reasons for studying games of this type. First, many negotiating situations, particularly those involving only two bargainers (i.e., when n = 2), are conducted under essentially these rules. Also, bargaining games of this type often occur as components of more complex processes. In addiΒ tion, the simplicity of bargaining games makes them an excellent vehicle for studying the effect of any assumptions which are made in their analysis. The effect of many of the assumptions which are made in the analysis of more complex cooperative games can more easily be discerned in studying bargaining games. The various models of bargaining considered here will be studied axioma- cally. That is, each model will be studied by specifying a set of properties which serve to characterize it uniquely.
β¦ Table of Contents
Front Matter....Pages N2-V
Introduction....Pages 1-3
The Formal Model and Axiomatic Derivation....Pages 4-19
Probabilistic Models....Pages 20-34
Risk Posture....Pages 35-60
A Critical Evaluation of the Independence Properties....Pages 61-67
Ordinal Models of Bargaining....Pages 68-77
Interpersonal Comparisons....Pages 78-97
βIrrelevantβ Alternatives....Pages 98-109
Back Matter....Pages 110-127
β¦ Subjects
Economics/Management Science, general
π SIMILAR VOLUMES
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
Game-Theoretic Models of Bargaining provides a comprehensive picture of the new developments in bargaining theory. It especially shows the way the use of axiomatic models has been complemented by the new results derived from strategic models. The papers in this volume are edited versions of those gi
This book provides a systematic and comprehensive description of Non-Axiomatic Logic, which is the result of the author's research for about three decades.Non-Axiomatic Logic is designed to provide a uniform logical foundation for Artificial Intelligence, as well as an abstract description of the la