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The role of mediators in compensation negotiations between gainers and losers
Language
EN
Article de revue
This item was published in
Economics Bulletin. 2023-06-30, vol. 43, n° 2, p. 830-841
English Abstract
This article aims at modelling compensation between gainers and losers as a system of bilateral bargaining games involving one or two mediators when unanimity is required for the implementation of an economic policy. Results ...Read more >
This article aims at modelling compensation between gainers and losers as a system of bilateral bargaining games involving one or two mediators when unanimity is required for the implementation of an economic policy. Results show that there is no unanimity on the choice of negotiation protocol due to the conflicting interests between gainers and losers. But if we assume that the mediators have the choice of the protocol, they always prefer simultaneous rather than stackeberg Nash-in-Nash negotiations.Read less <
English Keywords
Nash-in-Nash negotiation
Nash bargaining solution
Gainers
Losers