Bilateral Bargaining: Theory And Applications (Lecture Notes in Economics and Mathematical Systems, 518, Band 518) - Softcover

Napel, Stefan

Softcover

ISBN 10: 354043335X ISBN 13: 9783540433354

Verlag: Springer, 2013

Inhaltsangabe

This book investigates bargaining between two agents. Its objective is to present, to extend, and to apply the present state of theoretical knowledge. A wide range of questions will be considered: First of all, will two parties reach efficient agreements? Traditional economic theory gives a generally affirma­ tive answer for perfectly rational agents, who can carry out complex calcu­ lations instantaneously and without cost. The book uses innovative methods to analyse the implications of less demanding assumptions. A practical ques­ tion related to bargaining is: How much power does the design of institutions such as the U. N. Security Council give to each of its members? Formally, non­ permanent members' votes are necessary to pass resolutions, but theoretical investigation of pre-voting negotiation attributes all power to the five perma­ nent members. Or one may ask whether a society should rather finance the education in higher mathematics for a talented person than remedial training for a retarded person? Different concepts of justice yield different answers. Which particular concept is implemented in a given society is also a matter of bargaining, and it is of special philosophical interest to investigate which bargain will be struck in an ideal society in which individual talents and resources are not yet known. Very generally, a bilateral bargaining situation is characterized by two agents - individuals, firms, governments, etc.

Details zur Ausgabe

• Verlag: Springer
• Erscheinungsdatum: 2013
• Sprache: Englisch
• ISBN 10: 354043335X
• ISBN 13: 9783540433354
• Einband: Taschenbuch
• Anzahl der Seiten: 200
• Kontakt zum Hersteller: ProductSafety@springernature.com; ProductSafety@springernature.com; ; Poststr. 9; Darmstadt; 64293; Deutschland