Document Type

Article

Comments

Games Bargaining: A Proposed Application of the Theory of Games to Collective Bargaining, 65 Yale Law Journal 660 (1956)

Abstract

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 provided, it

may be that a new framework for collective bargaining can be erected. This comment

is intended to suggest one such possible framework, a system that will

be designated "Games Bargaining."

Date of Authorship for this Version

1956

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