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An analysis of dual-issue final-offer arbitration

  • Brian R. Powers
Original Paper
  • 20 Downloads

Abstract

We consider a final-offer arbitration problem between two players with two quantitative issues in dispute. Under reasonable assumptions we model the problem as a zero-sum two person game and show that a pair of pure strategies explicitly constructed are the unique minimax strategies for the two players.

Keywords

Final-offer arbitration Non-cooperative game theory Multi-issue Brams–Merrill 

Notes

Acknowledgements

My sincere thanks to T. E. S. Raghavan for first suggesting this problem, for his keen interest, encouragement, guidance and for many hours of discussion and review. Thanks also to Marc Kilgour for valuable feedback.

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Copyright information

© Springer-Verlag GmbH Germany, part of Springer Nature 2018

Authors and Affiliations

  1. 1.Arizona State UniversityTempeUSA

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