Bargaining Theory with Applications

Graduate textbook presenting abstract models of bargaining in a unified framework with detailed applications involving economic, political and social situations.

Abhinay Muthoo (Author)

9780521576475, Cambridge University Press

Paperback, published 19 August 1999

376 pages, 13 tables
24.5 x 18.7 x 2.1 cm, 0.67 kg

' … Muthoo impressively demonstrates how bargaining theory can be applied to many important economic problems … Muthoo's book is an excellent starting point for economists who want to contribute to this research … students as well as researchers will benefit from reading this book.' Public Choice

The first unified and systematic treatment of the modern theory of bargaining, presented together with many examples of how that theory is applied in a variety of bargaining situations. Abhinay Muthoo provides a masterful synthesis of the fundamental results and insights obtained from the wide-ranging and diverse (game-theoretic) bargaining theory literature. Furthermore, he develops new analyses and results, especially on the relative impacts of two or more forces on the bargaining outcome. Many topics - such as inside options, commitment tactics and repeated bargaining situations - receive their most extensive treatment to date. In the concluding chapter, he offers pointers towards future research. Bargaining Theory with Applications is a textbook for graduate students in economic theory and other social sciences and a research resource for scholars interested in bargaining situations.

Preface
1. Preliminaries
2. The Nash bargaining solution
3. The Rubinstein model
4. Risk of breakdown
5. Outside options
6. Inside options
7. Procedures
8. Commitment tactics
9. Asymmetric information
10. Repeated bargaining situations
11. Envoi
References.

Subject Areas: Economic theory & philosophy [KCA]