Article
Article name Combined Arbitration Procedure with Quadratic Payoff Function
Authors Mencher A.E.Candidate of Physics and Mathematics, Professor MentcherAE@zabspu.ru.
Bibliographic description
Section
DOI
UDK 519.7
Article type
Annotation We consider a non-cooperative zero-sum game. The players, the Labor and the Manager, negotiate an improvement in the wage rate. In a conflict situation the players appeal to the arbitrator. The arbitrator’s solution is a discrete random variable. In this paper we use two arbitration schemes with quadratic payoff function. A mixed strategy Nash equilibrium in this game is found.
Key words arbitraton procedure, equilibrium, mixed strategies
Article information
References 1. Farber H. An Analysis of Final-Offer Arbitration // Journal of Nonflict Resolution. 1980. Vol. 35. P. 683–705. 2. Zeng Dao-Zhi. An Amendment to Final offer Arbitratoin // Working Paper, Kagawa:Kagawa University, 2006. 3. Mazalov V. V., Mencher A. E., Tokareva J. S. On the Equilibrium in Bargaining Model with Arbitrator// Journal of Computer and Systems Science International, 2009. Vol. 48. №5. P. 739–745. 4. Mencher A. E. Ob odnoy arbirtrazhnoy skheme s tremya predlozheniyami // Matematichesky analiz i ego prilozheniya. 2011. Vyp. 10. S. 34–40.
Full articleCombined Arbitration Procedure with Quadratic Payoff Function