Games Bargaining: A Proposed Application of the Theory of Games to Collective Bargaining, 65 Yale Law Journal 660 (1956)
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
Allen, Layman E., "Games Bargaining: A Proposed Application of the Theory of Games to Collective Bargaining" (1956). Faculty Scholarship Series. 4822.