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Cataloged Resource Summary

 

Title

Bargaining and Markets

Author

Martin J. Osborne and Ariel Rubinstein

Category

Game Theory

Type

Online Book

Description

The formal theory of bargaining originated with John Nash's work in the early 1950s. In this book we discuss 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.

URL

http://ww2.economics.utoronto.ca/osborne/bm/
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