Rethinking Pareto-efficiency and joint feasibility

Authors
Metcalfe, D
Citation
D. Metcalfe, Rethinking Pareto-efficiency and joint feasibility, NEGOTIAT J, 16(1), 2000, pp. 29-33
Citations number
12
Categorie Soggetti
Management
Journal title
NEGOTIATION JOURNAL-ON THE PROCESS OF DISPUTE SETTLEMENT
ISSN journal
07484526 → ACNP
Volume
16
Issue
1
Year of publication
2000
Pages
29 - 33
Database
ISI
SICI code
0748-4526(200001)16:1<29:RPAJF>2.0.ZU;2-0
Abstract
This essay provides an empirical analysis of Pareto-efficiency and joint fe asibility in multiparty contexts. In the two multiparty negotiations studie d, approximately half the outcomes are Pareto-efficient whereas less than o ne per cent of the outcomes are jointly feasible. The importance of these f indings for prescriptive negotiation advice is discussed and directions for future research are proposed.