Bargaining Theory with Applications

Muthoo, A. (1999). Bargaining Theory with Applications. Cambridge University Press.

Type

Book

Intellectual base

Review or monograph

Year

1999

DOI

10.1017/cbo9780511607950

ISBN

9780521572255

Link

https://doi.org/10.1017/CBO9780511607950

Cited from

economics, economics_finance

Cited by

2 citations across 2 artifacts.

Each citation links to the sentence it supports in the citing article.

Primes

• Bargaining Power
  • Fifth, state a direction rather than a number: an improvement in one party's fallback moves terms toward that party by an amount the mechanism does not specify.

    This sourceFormal treatment of outside options, inside options, risk of breakdown and impatience, deriving the directional comparative statics by which an improved fallback or a lower cost of delay moves the settlement toward its holder without fixing a number.

• Conditional Access
  • The recognition that outside options break the leverage is the most portable insight, because it explains why countermeasures that look unrelated across domains — antitrust action, public defenders, multilateral coalition-building, unbundling mandates — are all the same structural move of restoring the counterparty's outside option or forcing the unbundled choice.

    This sourceSystematic treatment of the outside-option principle (Ch. 5) — a party's bargaining power and the extractable surplus are governed by the value of its outside option — unifying the remedies (competition, alternative venues, coalitions) that restore it across substrates.

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