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A generic Negotiation Game (NG) is used to model a conflict between two parties seeking to resolve their differences and reach a settlement. NG is a 2 × 2 non-constant-sum symmetric game that is `generic' in the sense that its payoffs, which are assumed to be cardinal, are only incompletely...
Persistent link: https://www.econbiz.de/10011166207
A new procedure is proposed for settling disputes which combines binding arbitration (BA) and final-offer arbitration (FOA). Unlike either of the two pure procedures, combined arbitration (CA) induces the two parties to converge in making their final offers. Under BA, the arbitrator's settlement...
Persistent link: https://www.econbiz.de/10009191818
Riker's `size principle' predicts that only minimal winning coalitions (MWCs) will form in n-person zero-sum games that satisfy certain conditions. After summarizing the logic of this principle, a model is proposed in which n players can be ordered from most to least weighty. Two different kinds...
Persistent link: https://www.econbiz.de/10010777910
-choice and game theory could make political and social institutions more democratic. Using mathematical analysis, he develops …
Persistent link: https://www.econbiz.de/10005696684