Games Bargaining: A Proposed Application of the Theory of Games to Collective Bargaining

Games Bargaining- A Proposed Application of the Theory of Games to Collective BargainingGames Bargaining: A Proposed Application of the Theory of Games to Collective Bargaining

Layman E. Allen

Yale Law School

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 dispas- sion; 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 ;1 and it has been adapted by John Nash to bargaining situations.2 Upon the foundation that Nash has provided, it may be that a new framework for collective bargaining can be erected. This com- ment is intended to suggest one such possible framework, a system that will be designated «Games Bargaining.»

Games Bargaining: A Proposed Application of the Theory of Games to Collective Bargaining

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