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Games Bargaining: A Proposed Application Of The Theory Of Games To Collective Bargaining, Layman E. Allen
Faculty Scholarship Series
COLLECTIVE bargaining may perhaps be called an art; it has not yet become
a science. But the approach of the sciences has brought to other fields dispassion; their methods have brought accuracy; their insights, illumination. And some of these benefits may be promised for collective bargaining by a new star in the firmament of the social sciences, the Theory of Games. A remarkable tool for the analysis of social behavior, the Theory of Games was conceived by
John von Neumann and Oskar Morgenstern ; and it has been adapted by John
Nash to bargaining situations. Upon the foundation that Nash has ...