Bargaining is a ubiquitous feature of social and economic interactions.
The book pursues two main goals. From a methodological point of view, game theoretic models and agent-based models are comparatively analysed. This provides an insightful case study about the vices and virtues of both methods with regards to the trade-off between analytic rigour and descriptive detail. From a practical point of view, valuable insights can be drawn about different strategies’ success, fairness and efficiency. It is shown how those properties change with environmental circumstances.