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The reactive bargaining set (Granot [1994]) is the set of outcomes for which no justified objection exists. Here, in a justified objection the objector first watches how the target tries to act (if he has such an option), and then reacts by making a profit and ruining the target's attempt to...
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This is a response to "Resolution of a Paradox: Mini-Max Rehabilitation," by P. T. Taylor, which appeared in Management Science 19 (1972), pp. 466-467, and "Some Further Thoughts on the Minimax Principle," by Morton Davis, which is appearing in this issue of Management Science.
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