Mediators as the Walrasian Auctioneers of Exchange Theory

David Lewis Dickinson

No 2003-09, Working Papers from Utah State University, Department of Economics

Abstract: This article opens up mediation to systematic economic analysis by considering mediators as analogous to the Walrasian auctioneers of exchange theory. By altering trade-off rates among bargaining issues, mediators facilitate a process leading towards Pareto efficient voluntary settlements.

Keywords: mediation; dispute resolution; exchange economy (search for similar items in EconPapers)
JEL-codes: J52 D51 (search for similar items in EconPapers)
Date: Written

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ftp://repec.bus.usu.edu/RePEc/usu/pdf/ERI2003-09.pdf First version, 2003 (application/pdf)

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Persistent link: http://EconPapers.repec.org/RePEc:usu:wpaper:2003-09

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