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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
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