Bargaining Theory with Applications

'Professor Muthoo's book covers an enormous literature on the 'alternating offers' model of bargaining that has developed since the publication of Rubinstein's classic paper. The strengths of the book are its clear and rigorous style, the thoroughness of its analysis, and the wealth of illuminating and useful applications of the theory to practical economic problems, which are developed throughout the text. This book could be used as a text for a one-semester graduate course on bargaining theory or game theory; it is also a book that any economic theorist should want to have as a reference.' Douglas Gale, New York University 'Muthoo has done a splendid job of synthesizing the extensive recent literature on bargaining theory. The book is lucid and accessible and contains a wealth of interesting applications. It will be a great resource for advanced undergraduate and graduate students.' Oliver Hart, Harvard University ' ... Abhinay Muthoo's book provides an invaluable resource. It will be useful both to game theorists seeking a synthesis of bargaining theory and to economists seeking to apply it to labour, trade, business or other kinds of negotiations.' John McMillan, University of California, San Diego ' ... Muthoo impressively demonstrates how bargaining theory can be applied to many important economic problems ... Muthoo's book is an excellent starting point for economists who want to contribute to this research ... students as well as researchers will benefit from reading this book.' Public Choice