Fairness in bargaining and markets (Q1034328)

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scientific article; zbMATH DE number 5629578
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English
Fairness in bargaining and markets
scientific article; zbMATH DE number 5629578

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    Fairness in bargaining and markets (English)
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    11 November 2009
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    The referred book deals with economic bargaining theory and the role of psychological and social factors, namely the social feeling of fairness, in the bargaining process. The general approach to this task is based on the mathematical theory of bargaining games, and on the ``laboratory'' results obtained by ``experimental economic research'' simulating the bargaining behaviour of economic subjects. The text is divided into seven main chapters focused on, e.g., basic models of bargaining theory, relevant topics of game and optimization theory, evolutionary games, fairness in the market prices forming, and some related topics. Each chapter is closed by a list of references.
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    cooperative game
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    bargaining game
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    behavioral game
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    evolutionary game
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    bargaining situation
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    market
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    prices
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    fairness
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    social fairness
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