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Search "Nash bargaining game"
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Nash bargaining game | |
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About 3 pages (858 words) in 2 products |
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Encyclopedia and Summary Information
summary from source:
 Nash Bargaining : Economics Topics
76 words, approx. 1 pages A two-person economic game in which there is collusion between the players. Equilibrium is such that an individual’s MARGINAL RATE OF SUBSTITUTION=the MARGINAL RATE OF TRANSFORMATION. This equili-brium is inefficient because the price facing the... summary from source:
 Nash bargaining game Information
782 words, approx. 3 pages
The Nash bargaining game is a simple two-player game used to model bargaining interactions. In the Nash Bargaining Game two players demand a portion of some good (usually some amount of money). If the two proposals sum to no more than the total good,... 
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