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The Bargaining Problem

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A new treatment is presented of a classical economic problem, one rhich occurs in many forms, as bargaining, bilateral monopoly, etc. It may also be regarded as a nonzero-sum t~o-person game. In this treatment a few general assumptions are made concerning the behavior of a single individual and of a group of t~voindividuals in certain economic environments. From these, the solution (in the sense of this paper) of the classical problem may be obtained. In the terms of game theory, values are found for the game.
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The Bargaining Problem
John F. Nash, Jr.
Econometrica, Vol. 18, No. 2. (Apr., 1950), pp. 155-162.
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Sat Dec 22 14:14:33 2007

The Bargaining Problem



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