We know that people strike bargains and that civilized life could not proceed otherwise. We do not know how bargains are struck. We have no explanation of bargaining, comparable to the general equilibrium in the economy, accounting for essential features of bargaining as we know it with...

We know that people strike bargains and that civilized life could not proceed otherwise. Bargaining models yield solutions comparable to the general equilibrium in a competitive economy with universal self-interested behaviour subject only to economy-wide rules. Such models can be based upon a...

We know that people strike bargains and that civilized life could not proceed otherwise. We do not know how bargains are struck. We have no explanation of bargaining, comparable to the general equilibrium in the economy, accounting for essential features of bargaining as we know it with...