Coddington Theories of the Bargaining Process

Erscheinungsjahr 2013
ISBN: 978-1-135-03333-0
Verlag: CRC Press
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 128 Seiten

The rise of game theory has made bargaining one of the core issues in economic theory. Written at a theoretical and conceptual level, the book develops a framework for the analysis of bargaining processes. The framework focuses on the dynamic of the bargaining process, which is in contrast to much previous theoretical work on the subject, and most notably to the approaches stemming from game theory.

Chapters include:

* Decision-Making and Expectations in Theories of Bargaining
* Decision-Making and Expectations in a Game Theory Model
* Limitations of the Environment Concept
* Game Theory as a Basis for a Theory of Bargaining
* The Decision/Expectation/adjustment Approach
* The Adjustment Process
* Direct Interdependence and the Consistency of Decisions

Autoren/Hrsg.

Coddington, Alan

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Wirtschaftstheorie, Wirtschaftsphilosophie
• Interdisziplinäres Wissenschaften Wissenschaften: Allgemeines Enzyklopädien, Nachschlagewerke, Wörterbücher

Inhaltsverzeichnis

FOREWORD BY PROFESSOR G. L. S. SHACKLE

PREFACE

I THE GENERAL FRAMEWORK

1. Introduction

2. The Concept of an Economic Environment

3. A Bargaining Situation

4. Formalisation

5. Indeterminacy

6. Expectations

7. General Workings of the Model

MATHEMATICAL APPENDIX

1. Notation

2. Utility Maximisation

3. Dynamics

II A BRIEF SURVEY OF BARGAINING THEORY

1. Introduction

2. Existing Theories

III CLOSED LOOPS

1. Cross's Assumptions

2. Representations of the Model

3. Closed Loop Models

IV THE RELATIONSHIP BETWEEN DECISION-MAKING & EXPECTATIONS

1. Introduction

2. The Question of Consistency

3. Decision-Making and Expectations in Theories of Bargaining

4. Decision-Making and Expectations in a Game Theory Model

5. Limitations of the Environment Concept

V DIFFERENT APPROACHES TO A THEORY OF BARGAINING

1. Introduction

2. Game Theory as a basis for a Theory of Bargaining

3. The Decision/Expectation/Adjustment Approach

VI FURTHER DEVELOPMENTS

1. Introduction

2. A Non-Linear Assumption

3. The Adjustment Process

4. Direct Interdependence and the Consistency of Decisions

5. An Illustrative Model