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| Jean Christophe Pereau |
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| ''The role of mediators in compensation negotiations between gainers and losers'' |
| ( 2023, Vol. 43 No.2 ) |
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| 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. |
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| Keywords: Nash-in-Nash negotiation, Nash bargaining solution, gainers, losers |
JEL: C7 - Game Theory and Bargaining Theory
H8 - Public Economics: Miscellaneous Issues: General |
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| Manuscript Received : Jul 16 2022 | | Manuscript Accepted : Jun 30 2023 |
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