Bargaining {bargaining, games} {negotiation, arbitration}, or using third party to determine outcome fairly {arbitration, negotiation}, makes outcome independent of utility function, as well as independent of allowing other outcomes. In cooperative games and bargaining, one player often dominates.
Games have acceptable-outcome sets {bargaining set}.
In bargaining, player can assume other player will maximize outcome {Bowley point}. Games with no repeated play and incomplete information often reach the Bowley point, instead of Pareto optimum.
Bargaining can find point where outcomes are equal for both players {equal profits point}.
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Date Modified: 2022.0225