Fair-negotiation procedures

Authors
Citation
Mg. Raith, Fair-negotiation procedures, MATH SOC SC, 39(3), 2000, pp. 303-322
Citations number
14
Categorie Soggetti
Economics
Journal title
MATHEMATICAL SOCIAL SCIENCES
ISSN journal
01654896 → ACNP
Volume
39
Issue
3
Year of publication
2000
Pages
303 - 322
Database
ISI
SICI code
0165-4896(200005)39:3<303:FP>2.0.ZU;2-2
Abstract
In this paper we reformulate three fair-division algorithms as practical, c ooperative negotiation procedures that can be applied to a more general cla ss of multiple-issue negotiations. The procedures consist of two simple and intuitive steps: the first step ensures an efficient outcome, and the seco nd step establishes 'fairness' through a redistribution of gains. For all p rocedures we also compare the outcomes of 'issue-by-issue' negotiations and 'package deals.' (C) 2000 Elsevier Science B.V. All rights reserved.