Axiomatic Bargaining Game Theory

Many social or economic conflict situations can be modeled by specifying thealternatives on which the involved parties may agree and a special alternativewhich ... » 

Many social or economic conflict situations can be modeled by specifying thealternatives on which the involved parties may agree and a special alternativewhich summarizes what happens in the event that no agreement is reached. Such amodel is called a embargainingem emgameem and a prescription assigning analternative to each bargaining game is called a embargaining solutionem. Inthe cooperative gametheoretical approach bargaining solutions aremathematically characterized by desirable properties usually called axioms. Inthe noncooperative approach solutions are derived as equilibria of strategicmodels describing an underlying bargaining procedure. br emAxiomaticBargaining Game Theoryem provides the reader with an uptodate survey ofcooperative axiomatic models of bargaining starting with Nashs seminalpaper emThe Bargaining Problemem. It presents an overview of the main resultsin this area during the past four decades. emAxiomatic Bargaining Game Theoryem provides a chapter on noncooperative models of bargaining in particular onthose models leading to bargaining solutions that also result from theaxiomatic approach. br The main existing axiomatizations of solutions foremcoalitionalem embargainingem games are included as well as an auxiliarychapter on the relevant demands from utility theory. br «