The area monotonic solution in dynamic negotiations
Ferenc Szidarovszky
Applied Economics Letters, 2001, vol. 8, issue 9, 599-600
Abstract:
The area monotonic solution is examined, when the utilities of the players as well as the Pareto frontier change in time. A divert method is introduced to characterize the change in the solution of the conflict which is based on deriving a special ordinary differential equation such that its trajectory follows the solution in time. This method can be used to determine the optimal timing of agreements.
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:8:y:2001:i:9:p:599-600
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DOI: 10.1080/13504850010021145
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