In this paper we view bargaining and cooperation as an interaction superimposed on a game in strategic form. A multistage bargaining procedure for N players, the "proposer commitment" procedure, is presented. It is inspired by Nash's two-player variable-threat model; a key feature is the...

This Article provides the first sustained account of advice-giving as a fiduciary activity, and it demonstrates that the dominant approach to defining fiduciary relationships is flawed. Leading academic commentators assert that fiduciary relationships only arise when one party has discretion...

Various disciplines increasingly are discovering the power of learning. However, the potential and the complexities of learning theory in decision making contexts have so far been neglected by scholarship in Law and Economics as well as Behavioral Law and Economics: either learning is...

Arbitrators are lead actors in global dispute resolution. They are to global dispute resolution what judges are to domestic dispute resolution. Despite its global significance, arbitral decision making is a black box. This Article is the first to use original experimental research to explore how...

Strategy-proofness (SP) is a sought-after property in social choice functions because it ensures that agents have no incentive to misrepresent their private information at both the interim and ex post stages. Group strategy-proofness (GSP), however, is a notion that is applied to the ex post...

Strategy‐proofness (SP) is a sought‐after property in social choice functions because it ensures that agents have no incentive to misrepresent their private information at both the interim and ex post stages. Group strategy‐proofness (GSP), however, is a notion that is applied to the ex...

This paper proposes a new framework to analyze the behavior of quot;public advocatesquot;, defined as professionals who seek to influence public policy on behalf of the public interest. Using the framework, it describes systemic pressures that lead public advocates to overuse adversarial,...

The conflict between pro-self and pro-social behaviour is at the core of many key problems of our time, as, for example, the reduction of air pollution and the redistribution of scarce resources. For the well-being of our societies, it is thus crucial to find mechanisms to promote pro-social...

We argue that heroism is typically adaptive everyday ethical behavior taken to the extreme by over-generalization. We discuss three types of ethical principles with the properties of being cooperative, adaptive in the context of everyday life, but not in one's self-interest when taken to the...

The paper explores the Nash’ equilibrium point and the “Non Cooperative Games Theory” for extension of bargaining solution analyses, applied in the local development field. Social trust and social cohesion conditions (sensitization process) within the Community develop the necessity of...