This chapter focuses on the focal points and bargaining. The idea of a focal point is of great practical importance … importance of social norms are left with unresolved questions. Subjects can be conditioned to begin bargaining against real …

This chapter focuses on the noncooperative models of bargaining. John Nash's (1950) path- breaking paper introduces the … bargaining problem, and his pioneering work on noncooperative bargaining theory was taken up again and developed by numerous … authors. The target of such a noncooperative theory of bargaining is to find theoretical predictions of what agreement, if any …