Axiomatic Theory of Bargaining with a Variable Number of Agents

ISBN: 9780521343831
Publisher: Cambridge University Press
Publication Date: 1989-02-24
Number of pages: 222
  • $25.92

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This book extrapolates on the Nash (1950) treatment of the bargaining problem to consider the situation where the number of bargainers may vary. The authors formulate axioms to specify how solutions should respond to such changes, and provide new characterizations of all the major solutions as well as the generalizations of these solutions.

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