Mediators as the Walrasian Auctioneers of Exchange Theory
AbstractThis 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.
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Bibliographic InfoPaper provided by Utah State University, Department of Economics in its series Working Papers with number 2003-09.
Length: 21 pages
Date of creation: Aug 2003
Date of revision:
mediation; dispute resolution; exchange economy;
Find related papers by JEL classification:
- J52 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Dispute Resolution: Strikes, Arbitration, and Mediation
- D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
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