This paper shows that any attempt to deviate from the basic bargaining line is doomed to fail. The Cournot attempt results in undistributed pie, while the Rubinstein-Binmore one in insufficient distribution. Discount rate may be important to bargaining, but game theorists have not been...

Nash (1951) claimed that every game must have a solution, even if it means a mixed strategy. His method is to find a probability that equalizes the two expected payoffs. Though simple, the calculation can be tedious. To avoid unnecessary mistake, this paper works out an algorithm to do the...

This paper points out that Becker's crime model is actually promoting crimes, that its crimes help government collect revenue, and that his punishment encourages more offences. This paper then indicates the proper procedure to work out a positive crime theory. Accordingly, thieves will commit...

This paper proves that the traditional wisdom of robbing the rich for the poor will end up with just the opposite result. Evidences are given to confirm that such unjust re-distribution is happening in the real world. Welfare economists should be fired: to be replaced by wealth economists

This paper proves that Nash's exchange theory leads to inefficiency. Instead of coming to a vertex, the exchange leads to polarization. This paper questions Nash's method of exchange and suspects that his theory is not about bargaining

Nash (1950) proposes a bargaining theory. This paper proves that Nash's theory leads to unfair result. The reason for the wrong conclusion is his use of utility. This paper then recommends the old Jewish method described in Talmud for fairer solution

Nash (1950) proposes a bargaining theory. This paper proves that Nash’s theory is not about bargaining, but is the result of exchange. Exchange also requires bargaining, but exchange itself is not bargaining

This paper proves that both the Maximin and the Nash Equilibrium offer only limited solutions to games. Based on Nash's reasoning, this paper works out a procedure to play game, any game. By playing, games are solved. Some games have one equilibrium solution, some have alternating two, some have...

This paper develops a bargaining model based on Nash (1950). To get a larger share, a negotiator has to be wealthier, more patient, and/or to have lower negotiation cost. Sometimes, negotiation may end without an agreement, but the costly consequences will bring the parties back to negotiate...