Bargaining: Axiomatic, Strategic, and Experimental Approaches

Dear Colleagues,

The modern treatment of bargaining theory dates back to Nash. Nash (1950) first considered two-person cooperative bargaining problems. He showed that there is a unique feasible utility pair, now known as the Nash solution, that satisfies a set of desirable properties (axioms). Using the noncooperative (strategic) approach, Nash (1953) proposed what is now known as the Nash demand game, in which two players simultaneously make demands and each player receives the payoff he demands if the demands are jointly feasible, but their disagreement payoffs otherwise. The axiomatic and strategic approaches complement each other, constituting the so-called ‘Nash program’. The 1970s–1990s witnessed many important contributions involving different bargaining solution concepts and game forms, which were also complemented by experimental tests of bargaining theory. Recently, bargaining theory and experiments have been gaining popularity again. This Special Issue aims to bring some recent contributions to this field the attention of the readers of GAMES.

Prof. Dr. Nejat Anbarci
Guest Editor

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