“The Win-Win-Win Papakonstantinidis Model”: Bargaining Possibilities When there are Three Involved Parties on a Labour Market and two of them are Active Decision-Makers – Cases Greece-Germany

Thomas Kronberger and Leonidas Papakonstantinidis
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Thomas Kronberger: Faculty of Management, Comenius University, Odbojarov Bratislava, Slovakia
Leonidas Papakonstantinidis: University of Peloponnesus, University of Bandar-Lampung (UBL)-Indonesia

International Journal of Innovation and Economic Development, 2019, vol. 4, issue 6, 68-98

Abstract: That’s a summary of our research in Greece and Germany as it concerns with their “labor market”. We examine the 3-polar system in the labor market, State-Company-Citizen. The aim of this paper is to show the bargaining possibilities when there are three involved parties on a labor market and two of them are active decision-makers. The third one is stakeholder who does not directly take part in the decision-making process. We will show possible solutions for increasing the benefit for all three parties. As an introduction, basic statistical data from Greece and Germany will be presented and structured. After this, the different behaviors of the parties in both countries will be regarded and their bargaining success will be illustrated.

Keywords: Labour Market; Bargaining Problem Decision Making; Stakeholders; Win-win-win; Profit maximization; the Equi-Harmony; New Equilibrium; Sequences limit-up (search for similar items in EconPapers)
JEL-codes: M00 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:mgs:ijoied:v:4:y:2019:i:6:p:68-98

DOI: 10.18775/ijied.1849-7551-7020.2015.46.2005

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