Ontology highlight
ABSTRACT:
SUBMITTER: Halko ML
PROVIDER: S-EPMC5546632 | biostudies-literature | 2017
REPOSITORIES: biostudies-literature
Halko Marja-Liisa ML Miettinen Topi T
PloS one 20170807 8
In this paper, we study a two-party pie-sharing problem in the presence of asymmetries in the stakeholders' private endowments. Both the two stakeholders and third-party arbitrators may influence the outcome. We consider Nash-demand negotiations, where the two stakeholders place demands and share the pie accordingly if demands are compatible, and elicit dictatorial allocations from the stakeholders and the arbitrators. The Nash demands by stakeholders are strategic; the dictatorial allocations b ...[more]