Bargaining and Markets (Economic Theory, Econometrics, and Mathematical Economics)
ISBN-13:
9780125286312
ISBN-10:
0125286317
Author:
Martin J. Osborne, Ariel Rubinstein
Publication date:
1990
Publisher:
Academic Press
Format:
Hardcover
232 pages
Category:
Theory
,
Economics
,
Transportation
FREE US shipping
Book details
ISBN-13:
9780125286312
ISBN-10:
0125286317
Author:
Martin J. Osborne, Ariel Rubinstein
Publication date:
1990
Publisher:
Academic Press
Format:
Hardcover
232 pages
Category:
Theory
,
Economics
,
Transportation
Summary
Bargaining and Markets (Economic Theory, Econometrics, and Mathematical Economics) (ISBN-13: 9780125286312 and ISBN-10: 0125286317), written by authors
Martin J. Osborne, Ariel Rubinstein, was published by Academic Press in 1990.
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Description
The formal theory of bargaining originated with John Nash's work in the early 1950s. This book discusses 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.Rather than surveying the field, the authors present a select number of models, each of which illustrates a key point. In addition, they give detailed proofs throughout the book. n Uses a small number of models, rather than a survey of the field, to illustrate key pointsn Detailed proofs are given as explanations for the modelsn Text has been class-tested in a semester-long graduate course
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