Credible Threats in Negotiations: A Game-Theoretic Approach
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About the Book
The game-theoretic modelling of negotiations has been an active research area for the past five decades, that started with the seminal work by Nobel laureate John Nash in the early 1950s. This book provides a survey of some of the major developments in the field of strategic bargaining models with an emphasize on the role of threats in the negotiation process. Threats are all actions outside the negotiation room that negotiators have ate their disposal and the use of these actions affect the bargaining position of all negotiators. Of course, each negotiator aims to strengthen his own position. Examples of threats are the announcement of a strike by a union in centralized wage bargaining, or a nation’s announcement of a trade war directed against other nations in negotiations for trade liberalization. This book is organized on the basis of a simple guiding principle: The situation in which none of the parties involved in the negotiations has threats at its disposal is the natural benchmark for negotiations where the parties can make threats. Also on the technical level, negotiations with variable threats build on and extend the techniques applied in analyzing bargaining situations without threats. The first part of this book, containing chapter 3-6, presents the no-threat case, and the second part, containing chapter 7-10, extends the analysis for negotiation situations where threats are present. A consistent and unifying framework is provided first in 2.
Book Details
ISBN-13: 9781441953049
EAN: 9781441953049
Publisher Date: 25 Jan 2011
Bood Data Readership Text: Professional & Vocational
Edition: Softcover reprint of the original 1st ed. 2002
Height: 235 mm
Language: English
No of Pages: 320
PrintOnDemand: N
Spine Width: 22.1 mm
Width: 155 mm
ISBN-10: 1441953043
Publisher: Springer-Verlag New York Inc.
Binding: Paperback
Dewey: 330.1
Gardner Classification Code: B00
Illustrations: biography
MediaMail: Y
Pagination: 320 pages, biography
Series Title: Theory and Decision Library C
UK Availability: GXC
Year Of Publication: 2010