Arbitrations when players have different information

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URI http://shark.lib.kagawa-u.ac.jp/kuir/metadata/5559
Title
Arbitrations when players have different information
File
Description

Two arbitration procedures, double-offer arbitration (DOA) and combined arbitration (CA), have been proposed to improve the classical final-offer arbitration (FOA) procedure. An important result of DOA and CA is that the offers of disputants crisscross if the disputants share a common estimate about arbitrator's notion of a fair settlement. This paper considers these three arbitration procedures under the assumption that disputants have different information about arbitrator's notion of a fair settlement. In this analysis, we define that the offers converge if they crisscross or they are close in some probability sense, and show that the revised DOA is the only procedure under which the probability that offers converge is always positive.

Author
著者 Zeng Daozhi
著者(ヨミ)
著者(別表記) 曽 道智
著者 Ibaraki Toshihide
著者(ヨミ) イバラキ トシヒデ
著者(別表記) 茨木 俊秀
Publication Title
香川大学経済論叢
Volume
70
Issue
1
Start Page
55
End Page
95
Publisher
香川大学経済研究所
Published Date
199706
ISSN
0389-3030
NCID
AN00038281
Resource Type
Departmental Bulletin Paper
Language
eng
Text Version
publisher
Set
香川大学
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