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But to" persuade him of something false we may have no such convincing
evidence. 1J. N. Morgan, "Bilateral Monopoly and the Competitive Output,"
Quarterly Journal of Economics, 63:376^ (August 1949). When one wishes to
2 'Perhaps the "ideal" solution to the bilateral monopoly problem is as follows.
One member of the pair shifts his marginal cost curve so that joint profits are now
zero at the output at which joint profits originally would have been maximized.
... no in- * In many textbook problems, such as bilateral monopoly between firms,
the ends of the bargaining range are points of zero profits for one or the other
party; and to settle for one's minimum position is no better than no settlement at
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LibraryThing ReviewUser Review - HadriantheBlind - LibraryThing
This is one of the most important books on Game Theory, and also, thankfully, one of the more accessible (certainly much more so than von Neumann's and Morgenstern's book). His main theses are that ... Read full review
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