Nash bargaining refers to:
A) A noncooperative, finitely-repeated game in which the players bid against each other to acquire the right to purchase or sell something of value.
B) A noncooperative, one-time game in which the players compete over the distribution of a divisible amount or object of value.
C) A written or oral agreement in which two more individuals promises to reform, or refrain from performing a some specified act in exchange for some valuable
benefit or consideration.
D) An infinitely-repeated game in which both players have an incentive to collude.
E) None of the above are correct.

Question

Nash bargaining refers to:
A) A noncooperative, finitely-repeated game in which the players bid against each other to acquire the right to purchase or sell something of value.
B) A noncooperative, one-time game in which the players compete over the distribution of a divisible amount or object of value.
C) A written or oral agreement in which two more individuals promises to reform, or refrain from performing a some specified act in exchange for some valuable
 benefit or consideration.
D) An infinitely-repeated game in which both players have an incentive to collude.
E) None of the above are correct.

Quizplus · Accepted Answer

The Answer is B

Nash Bargaining Refers To