## Conflict and co-operation in economics |

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aggregation analysis Arrow's Arrow's Impossibility Theorem assume assumption bargaining bilateral monopoly broker bundle buyers and sellers called capitalists chapter characteristic function choice set choose R2 co-operation confess Consider contract curve core imputations decision problem defined demand curve Dilemma dominates economic agents economic theory economists Edgeworth Box equal equilibrium example exchange firm gain game theory group rational homo economicus income indifference curve individually rational interest labour least as desirable logic majority voting maximise maxmin Menil mixed strategies money wages negotiation line objects of choice output pair Pareto-efficient parties pay-off matrix Phillips curve play W1 players Prisoners probability produce pure conflict receive represents Robinson and Friday rule saddle point security level security point sense Shapley Value social choices social outcomes social preferences society stable set strictly better Suppose theoretic theory of games tion trade transactions two-person zero-sum game undominated union utility numbers wheat workers