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Lecture Notes in Economics and Mathematical Systems

Bilateral Bargaining

Theory and Applications

Authors: Napel, Stefan

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About this book

This book investigates bargaining between two agents. Its objective is to present, to extend, and to apply the present state of theoretical knowledge. A wide range of questions will be considered: First of all, will two parties reach efficient agreements? Traditional economic theory gives a generally affirma­ tive answer for perfectly rational agents, who can carry out complex calcu­ lations instantaneously and without cost. The book uses innovative methods to analyse the implications of less demanding assumptions. A practical ques­ tion related to bargaining is: How much power does the design of institutions such as the U. N. Security Council give to each of its members? Formally, non­ permanent members' votes are necessary to pass resolutions, but theoretical investigation of pre-voting negotiation attributes all power to the five perma­ nent members. Or one may ask whether a society should rather finance the education in higher mathematics for a talented person than remedial training for a retarded person? Different concepts of justice yield different answers. Which particular concept is implemented in a given society is also a matter of bargaining, and it is of special philosophical interest to investigate which bargain will be struck in an ideal society in which individual talents and resources are not yet known. Very generally, a bilateral bargaining situation is characterized by two agents - individuals, firms, governments, etc.

Table of contents (5 chapters)

Table of contents (5 chapters)

Buy this book

eBook $84.99
price for USA in USD (gross)
  • ISBN 978-3-642-56160-3
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $109.99
price for USA in USD
  • ISBN 978-3-540-43335-4
  • Free shipping for individuals worldwide
  • Immediate ebook access, if available*, with your print order
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Bilateral Bargaining
Book Subtitle
Theory and Applications
Authors
Series Title
Lecture Notes in Economics and Mathematical Systems
Series Volume
518
Copyright
2002
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-642-56160-3
DOI
10.1007/978-3-642-56160-3
Softcover ISBN
978-3-540-43335-4
Series ISSN
0075-8442
Edition Number
1
Number of Pages
VIII, 188
Number of Illustrations
2 b/w illustrations
Topics

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