Bargaining Theory with Applications

Bargaining Theory with Applications By Abhinay Muthoo
Publisher: Cambridge University Press 1999 | 376 Pages | ISBN: 0521576474 | DJVU | 2 mb

Muthoo has done a splendid job of synthesizing the extensive recent literature on bargaining theory. The book is lucid and accessible and contains a wealth of interesting applications. It will be a great resource for advanced undergraduate and graduate students. Oliver Hart, Harvard University

Professor Muthoo's book covers an enormous literature on the 'alternating offers' model of bargaining that has developed since the publication of Rubinstein's classic paper. Beginning with the axiomatic Nash solution, it presents the Rubinstein model and then gives a thorough treatment of a series of important extensions. Although most of the book is devoted to single bargaining problems under complete information, there is a useful chapter on asymmetric information and one on repeated bargaining situations. The strengths of the book are its clear and rigorous style, the thoroughness of its analysis, and the wealth of illuminating and useful applications of the theory to practical economic problems, which are developed throughout the text. This book could be used as a text for a one-semester graduate course on bargaining theory or game theory; it is also a book that any economic theorist should want to have as a reference. Douglas Gale, New York University

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