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... have no such convincing evidence. When one wishes to persuade someone
that he would not. 1 J. N. Morgan, "Bilateral Monopoly and the Competitive
Output," Quarterly Journal of Economics, 63:376^ (August 1949). ' Perhaps the "
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.
8 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 all.
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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
The Retarded Science of International Strategy
An Essay on Bargaining
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