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The application of Nash bargaining solution to profit division in negotiation between opencast lignite mine and power …
Persistent link: https://www.econbiz.de/10005260247
Different structures of lignite mines and power stations, which have appeared on the Polish market as a result of its transformation and the privatisation, were discussed. The attention is focused on the fact that the practice is overtaking the theory because there is lack of models of...
Persistent link: https://www.econbiz.de/10005836050
For methods of the profit division in the bilateral monopoly of the mine and the power station sug-gested in the first part of this paper the formulae for lignite price and shares in the joint profit of the mine and the power station are calculated. The proposed profit division contain: the...
Persistent link: https://www.econbiz.de/10005836131
joint profits of BM should be chosen and in the second one, during bargaining, the split of profit ought to be decided … Nash bargaining solution has been proposed as a tool for equitable split of profit in BM due to its rational conditions …
Persistent link: https://www.econbiz.de/10005621826
For the hypothetical deposit with parameters similar to KWB “Konin” S.A. conditions; lignite prices and proposed divisions are calculated and results were discussed under the angle of the fairness (equity) of the division and the possibility of their approval by both sides. A sensitivity...
Persistent link: https://www.econbiz.de/10005790457
In their recent work Thomas S. Schelling (2007, 2010), reiterating original arguments about game theory and its applications to social sciences. In particular, game theory helps to explore situations in which agents make decisions interdependent (strategic communication). Schelling's originality...
Persistent link: https://www.econbiz.de/10011111447
more unequal split. Envy and weak guilt have opposite effects on the bargaining outcome, and envy has a greater marginal …This note presents a solution to Rubinstein (1982)'s open-ended, alternating-offer bargaining problem for two equally … patient bargainers that exhibit similar degrees of inequality aversion. Inequality-averse bargainers may perceive envy if …
Persistent link: https://www.econbiz.de/10011108663
Bargainers in an open-ended alternating-offer bargaining situation may perceive envy, a utility loss caused by … still reach agreement in the first period and their bargaining shares increase in the strength of their own envy. As both … bargainers' envy diminishes, the agreed partition converges to the Rubinstein division. If equally patient bargaining parties …
Persistent link: https://www.econbiz.de/10011112839
and in the second during bargaining the split of profit would be decided together with the transfer price of lignite. The … bargaining solution has been proposed as a tool for equitable split of profit in BM and conditions of good solution have been …
Persistent link: https://www.econbiz.de/10005787000
We propose two tests for the equality of covariance matrices between two high-dimensional populations. One test is on the whole variance-covariance matrices, and the other is on offdiagonal sub-matrices which define the covariance between two non-overlapping segments of the high-dimensional...
Persistent link: https://www.econbiz.de/10011259210