Bargaining and markets

by Martin J. Osborne and Ariel Rubinstein

Cover of book

The formal theory of bargaining originated with John Nash's work in the early 1950s. Bargaining and markets presents two developments in this theory made during the 1980s. The first uses the model of an extensive game to construct theories of bargaining in which time is modeled explicitly. The second applies the theory of bargaining to the study of decentralized markets. The book uses a small number of models to illustrate the key points in the theories and offers detailed proofs of all results.

full text

With the permission of the publisher, the full text of the book (with errors corrected and references updated) is available at this site.



The book was published in 1990 by Academic Press, which is now a division of Elsevier. The book is now published by Emerald Publishing, which has a page about the book.