The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Bargaining

  • Roberto Serrano
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_159

Abstract

This article is a survey on bargaining theory. The focus is the game theoretic approach to bargaining, both on its axiomatic and strategic counterparts. The application of bargaining theory to large markets and its connections with competitive allocations are also discussed.

Keywords

Asymmetric information Bargaining Bayesian equilibrium Edgeworth, F. Game theory Harsanyi, J. Hicks, J. Incomplete information Independence of irrelevant alternatives Kalai–Smorodinsky bargaining solution Morgenstern, O. Nash equilibrium Nash solution Nash’s demand game Pareto efficiency Rational behaviour Risk aversion Subgame perfect equilibrium Ultimatum game Von Neumann, J. Walrasian outcomes Zeuthen, F 

JEL Classifications

C7 
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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Roberto Serrano
    • 1
  1. 1.