Axiomatic Theory of Bargaining with a Variable Number of Agents

Axiomatic Theory of Bargaining with a Variable Number of Agents

Author: William Thomson

Publisher: Cambridge University Press

Published: 1989-02-24

Total Pages: 224

ISBN-13: 0521343836

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In this book, Professor Thomson and Professor Lensberg extrapolate upon 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 generalizations of these solutions. The book also contains several other comparative studies of solutions in the context of a variable number of agents. Much of the theory of bargaining can be rewritten within this context. The pre-eminence of the three solutions at the core of the classical theory is confirmed. These are the solutions introducted by Nash (1950) and two solutions axiomatized in the 1970s (Kalai-Smorodinsky and egalitarian solutions).


Book Synopsis Axiomatic Theory of Bargaining with a Variable Number of Agents by : William Thomson

Download or read book Axiomatic Theory of Bargaining with a Variable Number of Agents written by William Thomson and published by Cambridge University Press. This book was released on 1989-02-24 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, Professor Thomson and Professor Lensberg extrapolate upon 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 generalizations of these solutions. The book also contains several other comparative studies of solutions in the context of a variable number of agents. Much of the theory of bargaining can be rewritten within this context. The pre-eminence of the three solutions at the core of the classical theory is confirmed. These are the solutions introducted by Nash (1950) and two solutions axiomatized in the 1970s (Kalai-Smorodinsky and egalitarian solutions).

Axiomatic Bargaining Game Theory

Axiomatic Bargaining Game Theory

Author: H.J. Peters

Publisher: Springer Science & Business Media

Published: 2013-04-17

Total Pages: 244

ISBN-13: 9401580227

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Many social or economic conflict situations can be modeled by specifying the alternatives on which the involved parties may agree, and a special alternative which summarizes what happens in the event that no agreement is reached. Such a model is called a bargaining game, and a prescription assigning an alternative to each bargaining game is called a bargaining solution. In the cooperative game-theoretical approach, bargaining solutions are mathematically characterized by desirable properties, usually called axioms. In the noncooperative approach, solutions are derived as equilibria of strategic models describing an underlying bargaining procedure. Axiomatic Bargaining Game Theory provides the reader with an up-to-date survey of cooperative, axiomatic models of bargaining, starting with Nash's seminal paper, The Bargaining Problem. It presents an overview of the main results in this area during the past four decades. Axiomatic Bargaining Game Theory provides a chapter on noncooperative models of bargaining, in particular on those models leading to bargaining solutions that also result from the axiomatic approach. The main existing axiomatizations of solutions for coalitional bargaining games are included, as well as an auxiliary chapter on the relevant demands from utility theory.


Book Synopsis Axiomatic Bargaining Game Theory by : H.J. Peters

Download or read book Axiomatic Bargaining Game Theory written by H.J. Peters and published by Springer Science & Business Media. This book was released on 2013-04-17 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many social or economic conflict situations can be modeled by specifying the alternatives on which the involved parties may agree, and a special alternative which summarizes what happens in the event that no agreement is reached. Such a model is called a bargaining game, and a prescription assigning an alternative to each bargaining game is called a bargaining solution. In the cooperative game-theoretical approach, bargaining solutions are mathematically characterized by desirable properties, usually called axioms. In the noncooperative approach, solutions are derived as equilibria of strategic models describing an underlying bargaining procedure. Axiomatic Bargaining Game Theory provides the reader with an up-to-date survey of cooperative, axiomatic models of bargaining, starting with Nash's seminal paper, The Bargaining Problem. It presents an overview of the main results in this area during the past four decades. Axiomatic Bargaining Game Theory provides a chapter on noncooperative models of bargaining, in particular on those models leading to bargaining solutions that also result from the axiomatic approach. The main existing axiomatizations of solutions for coalitional bargaining games are included, as well as an auxiliary chapter on the relevant demands from utility theory.

Bargaining Theory

Bargaining Theory

Author: Peter Vanderschraaf

Publisher: Cambridge University Press

Published: 2023-03-31

Total Pages: 109

ISBN-13: 1108604471

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The Nash bargaining problem provides a framework for analyzing problems where parties have imperfectly aligned interests. This Element reviews the parts of bargaining theory most important in philosophical applications, and to social contract theory in particular. It discusses rational choice analyses of bargaining problems that focus on axiomatic analysis, according to which a solution of a given bargaining problem satisfies certain formal criteria, and strategic bargaining, according to which a solution results from the moves of ideally rational and knowledgeable claimants. Next, it discusses the conventionalist analyses of bargaining problems that focus on how members of a society can settle into bargaining conventions via learning and focal points. In the concluding section this Element discusses how philosophers use bargaining theory to analyze the social contract.


Book Synopsis Bargaining Theory by : Peter Vanderschraaf

Download or read book Bargaining Theory written by Peter Vanderschraaf and published by Cambridge University Press. This book was released on 2023-03-31 with total page 109 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Nash bargaining problem provides a framework for analyzing problems where parties have imperfectly aligned interests. This Element reviews the parts of bargaining theory most important in philosophical applications, and to social contract theory in particular. It discusses rational choice analyses of bargaining problems that focus on axiomatic analysis, according to which a solution of a given bargaining problem satisfies certain formal criteria, and strategic bargaining, according to which a solution results from the moves of ideally rational and knowledgeable claimants. Next, it discusses the conventionalist analyses of bargaining problems that focus on how members of a society can settle into bargaining conventions via learning and focal points. In the concluding section this Element discusses how philosophers use bargaining theory to analyze the social contract.

Principles of Automated Negotiation

Principles of Automated Negotiation

Author: Shaheen Fatima

Publisher: Cambridge University Press

Published: 2015

Total Pages: 293

ISBN-13: 1107002540

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Top researchers investigate the main challenges and state of the art in automated negotiation and discuss potential applications.


Book Synopsis Principles of Automated Negotiation by : Shaheen Fatima

Download or read book Principles of Automated Negotiation written by Shaheen Fatima and published by Cambridge University Press. This book was released on 2015 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: Top researchers investigate the main challenges and state of the art in automated negotiation and discuss potential applications.

Modern Theories of Justice

Modern Theories of Justice

Author: Serge-Christophe Kolm

Publisher: MIT Press

Published: 2002

Total Pages: 540

ISBN-13: 9780262611800

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This first book in English by Serge-Christophe Kolm provides an overview of his far-reaching vision of distributive justice. Kolm derives justice from considerations of rationality. Justice cannot be defined by one all-encompassing principle or set of a few principles. It has the general form of an equality of individuals' liberties in a broad sense, with different applications and specific adjustments when several liberties conflict or when everybody prefers another outcome.Kolm describes the theory of justice and presents and evaluates each of the various modern theories, principles, or criteria of justice. He shows how some complement each other, how some are unworkable, and how some could be rescued. The result is an intensive introduction to the general theory of justice for economists and noneconomists alike.


Book Synopsis Modern Theories of Justice by : Serge-Christophe Kolm

Download or read book Modern Theories of Justice written by Serge-Christophe Kolm and published by MIT Press. This book was released on 2002 with total page 540 pages. Available in PDF, EPUB and Kindle. Book excerpt: This first book in English by Serge-Christophe Kolm provides an overview of his far-reaching vision of distributive justice. Kolm derives justice from considerations of rationality. Justice cannot be defined by one all-encompassing principle or set of a few principles. It has the general form of an equality of individuals' liberties in a broad sense, with different applications and specific adjustments when several liberties conflict or when everybody prefers another outcome.Kolm describes the theory of justice and presents and evaluates each of the various modern theories, principles, or criteria of justice. He shows how some complement each other, how some are unworkable, and how some could be rescued. The result is an intensive introduction to the general theory of justice for economists and noneconomists alike.

Handbook of Game Theory with Economic Applications

Handbook of Game Theory with Economic Applications

Author: R.J. Aumann

Publisher: Elsevier

Published: 1992

Total Pages: 824

ISBN-13: 9780444894274

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This is the second of three volumes surveying the state of the art in Game Theory and its applications to many and varied fields, in particular to economics. The chapters in the present volume are contributed by outstanding authorities, and provide comprehensive coverage and precise statements of the main results in each area. The applications include empirical evidence. The following topics are covered: communication and correlated equilibria, coalitional games and coalition structures, utility and subjective probability, common knowledge, bargaining, zero-sum games, differential games, and applications of game theory to signalling, moral hazard, search, evolutionary biology, international relations, voting procedures, social choice, public economics, politics, and cost allocation. This handbook will be of interest to scholars in economics, political science, psychology, mathematics and biology. For more information on the Handbooks in Economics series, please see our home page on http://www.elsevier.nl/locate/hes


Book Synopsis Handbook of Game Theory with Economic Applications by : R.J. Aumann

Download or read book Handbook of Game Theory with Economic Applications written by R.J. Aumann and published by Elsevier. This book was released on 1992 with total page 824 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the second of three volumes surveying the state of the art in Game Theory and its applications to many and varied fields, in particular to economics. The chapters in the present volume are contributed by outstanding authorities, and provide comprehensive coverage and precise statements of the main results in each area. The applications include empirical evidence. The following topics are covered: communication and correlated equilibria, coalitional games and coalition structures, utility and subjective probability, common knowledge, bargaining, zero-sum games, differential games, and applications of game theory to signalling, moral hazard, search, evolutionary biology, international relations, voting procedures, social choice, public economics, politics, and cost allocation. This handbook will be of interest to scholars in economics, political science, psychology, mathematics and biology. For more information on the Handbooks in Economics series, please see our home page on http://www.elsevier.nl/locate/hes

Social Choice and Bargaining Perspectives on Distributive Justice

Social Choice and Bargaining Perspectives on Distributive Justice

Author: Wulf Gaertner

Publisher: Springer Science & Business Media

Published: 2013-06-29

Total Pages: 142

ISBN-13: 3662028115

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It is probably fair to say that there does not exist a unique and generally accepted not ion of justice. Even if one confines oneself to economic justice one can still get many answers to the question of how justice - henceforth we shall use the term "distributive justice" should be defined and characterized. This may be disappointing for the outside observer but one can also view this as achallenge, at least as long as one thinks that distributive justice is an issue economics should be concerned with. Many problems of distributive justice can be described as follows: There is a fixed collection of well-defined objects (usually commodi ties) which are quantitatively measurable and perfectly divisible. This collection is to be divided up among a certain number of individuals, the members of society, let 's say. According to which principles or rules should this distribution be carried out? Should people be rewarded according to their ability or according to their needs? Should the distribution be such that nobody envies the bundle of any other member of society? Should the collection of entities be distributed in a way that yields the greatest benefi.


Book Synopsis Social Choice and Bargaining Perspectives on Distributive Justice by : Wulf Gaertner

Download or read book Social Choice and Bargaining Perspectives on Distributive Justice written by Wulf Gaertner and published by Springer Science & Business Media. This book was released on 2013-06-29 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is probably fair to say that there does not exist a unique and generally accepted not ion of justice. Even if one confines oneself to economic justice one can still get many answers to the question of how justice - henceforth we shall use the term "distributive justice" should be defined and characterized. This may be disappointing for the outside observer but one can also view this as achallenge, at least as long as one thinks that distributive justice is an issue economics should be concerned with. Many problems of distributive justice can be described as follows: There is a fixed collection of well-defined objects (usually commodi ties) which are quantitatively measurable and perfectly divisible. This collection is to be divided up among a certain number of individuals, the members of society, let 's say. According to which principles or rules should this distribution be carried out? Should people be rewarded according to their ability or according to their needs? Should the distribution be such that nobody envies the bundle of any other member of society? Should the collection of entities be distributed in a way that yields the greatest benefi.

Theories of Distributive Justice

Theories of Distributive Justice

Author: John E. Roemer

Publisher: Harvard University Press

Published: 1996

Total Pages: 358

ISBN-13: 9780674879201

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John Roemer has written a unique book that critiques economists' conceptions of justice from a philosophical perspective and philosophical theories of distributive justice from an economic one.


Book Synopsis Theories of Distributive Justice by : John E. Roemer

Download or read book Theories of Distributive Justice written by John E. Roemer and published by Harvard University Press. This book was released on 1996 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: John Roemer has written a unique book that critiques economists' conceptions of justice from a philosophical perspective and philosophical theories of distributive justice from an economic one.

Game Theory

Game Theory

Author: Leon Aganesovich Petrosi?a?n

Publisher: World Scientific

Published: 2016

Total Pages: 564

ISBN-13: 9814725390

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Game theory is a branch of modern applied mathematics that aims to analyze various problems of conflict between parties that have opposed, similar or simply different interests. Games are grouped into several classes according to some important features. In this volume zero-sum two-person games, strategic n-person games in normal form, cooperative games, games in extensive form with complete and incomplete information, differential pursuit games and differential cooperative n-person games are considered.


Book Synopsis Game Theory by : Leon Aganesovich Petrosi?a?n

Download or read book Game Theory written by Leon Aganesovich Petrosi?a?n and published by World Scientific. This book was released on 2016 with total page 564 pages. Available in PDF, EPUB and Kindle. Book excerpt: Game theory is a branch of modern applied mathematics that aims to analyze various problems of conflict between parties that have opposed, similar or simply different interests. Games are grouped into several classes according to some important features. In this volume zero-sum two-person games, strategic n-person games in normal form, cooperative games, games in extensive form with complete and incomplete information, differential pursuit games and differential cooperative n-person games are considered.

Population Issues in Social Choice Theory, Welfare Economics, and Ethics

Population Issues in Social Choice Theory, Welfare Economics, and Ethics

Author: Charles Blackorby

Publisher: Cambridge University Press

Published: 2005-08-22

Total Pages: 392

ISBN-13: 9780521825511

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This book explores how different ideas of the common good may be compared, contrasted and ranked.


Book Synopsis Population Issues in Social Choice Theory, Welfare Economics, and Ethics by : Charles Blackorby

Download or read book Population Issues in Social Choice Theory, Welfare Economics, and Ethics written by Charles Blackorby and published by Cambridge University Press. This book was released on 2005-08-22 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores how different ideas of the common good may be compared, contrasted and ranked.