Bargaining Theory with Applications [Paperback]

Abhinay Muthoo (Author)

Book Description

ISBN-10: 0521576474 | ISBN-13: 978-0521576475 | Publication Date: September 13, 1999

The first unified and systematic treatment of the modern theory of bargaining, presented together with many examples of how that theory is applied in a variety of bargaining situations. Abhinay Muthoo provides a masterful synthesis of the fundamental results and insights obtained from the wide-ranging and diverse (game theoretic) bargaining theory literature. Furthermore, he develops new analyses and results, especially on the relative impacts of two or more forces on the bargaining outcome. Many topics - such as inside options, commitment tactics and repeated bargaining situations - receive their most extensive treatment to date. In the concluding chapter, he offers pointers towards future research. Bargaining Theory with Applications is a textbook for graduate students in economic theory and other social sciences and a research resource for scholars interested in bargaining situations.

Editorial Reviews

Review

"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

"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

"What does it mean to say you are in a strong bargaining position or a weak one? Economists have come a long way since the early 1980s in understanding the logic of bargaining. Abhinay Muthoo's book provides an invaluable resource. It will be useful both to game theorists seeking a synthesis of bargaining theory and to economists seeking to apply it to labor, trade, business or other kinds of negotiations." John McMillan, University of California, San Diego

Book Description

The first unified and systematic treatment of the modern theory of bargaining, presented together with many examples of how that theory is applied in a variety of bargaining situations. Abhinay Muthoo provides a masterful synthesis of the fundamental results and insights obtained from the wide-ranging and diverse (game theoretic) bargaining theory literature. Furthermore, he develops new analyses and results, especially on the relative impacts of two or more forces on the bargaining outcome. Many topics - such as inside options, commitment tactics and repeated bargaining situations - receive their most extensive treatment to date. In the concluding chapter, he offers pointers towards future research. Bargaining Theory with Applications is a textbook for graduate students in economic theory and other social sciences and a research resource for scholars interested in bargaining situations.

Product Details

• Paperback: 376 pages
• Publisher: Cambridge University Press (September 13, 1999)
• Language: English
• ISBN-10: 0521576474
• ISBN-13: 978-0521576475
• Product Dimensions: 9.5 x 7.4 x 1.3 inches
• Shipping Weight: 1.5 pounds (View shipping rates and policies)
• Average Customer Review: 4.5 out of 5 stars  See all reviews (2 customer reviews)
• Amazon Best Sellers Rank: #298,431 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

1 of 1 people found the following review helpful:

4.0 out of 5 stars Good book, August 30, 2009

By 

Latin Bunny (OH) - See all my reviews

This review is from: Bargaining Theory with Applications (Paperback)

This book is useful to learn basic bargaining theory and further complications. A decent background in microeconomics and game theory is definitely recommended. It is very clear and has good applications that allow to further understand the material.

8 of 12 people found the following review helpful:

5.0 out of 5 stars Excelent review of bargaining theory, May 8, 2000

By A Customer

This review is from: Bargaining Theory with Applications (Paperback)

This is an excelent and rigorous review of the literature on bargaining theory. Its a good place to start the study of barganing as well as a good reference for people familiar with the subject.