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approach assume asymmetric in bargaining bargain over Pv bargaining issues increases bargaining over less bargaining power earn bargaining table BARGAINING Tzong-Rong Tsai bilateral monopoly bargaining bilateral monopoly games Binmore consumer cost of product degree of product detailed discussion earn same level essay game-theoretic issues are bargained issues increases payoffs less issues less-issue bargaining level of profits manufacturer charges mark-up monopoly bargaining games MONOPOLY WITH MULTI-ISSUE More-issue bargaining MULTI-ISSUE BARGAINING Tzong-Rong Nash bargaining solution nature of multi-issue non-negative noncooperative number of bargaining optimal degree Pareto dominate perfect equilibrium player but decreases players are asymmetric players bargain prevail in bilateral product differentiation profit functions relevant issues retail price retailer determines second-best theorem September 1989 side-payment single-issue bargaining standard product stronger bargaining position t b 729 t b t b 972 t b two-person bargaining unilaterally determined unit of standard variables weak player widely accepted