Abstract
This essay provides an empirical analysis of Pareto‐efficiency and joint feasibility in multiparty contexts. In the two multiparty negotiations studied, approximately half the outcomes are Pareto‐efficient whereas less than one per cent of the outcomes are jointly feasible. The importance of these findings for prescriptive negotiation advice is discussed, and directions for future research are proposed.
REFERENCES
Bazerman
, M.
1998
. Judgment in managerial decision making
. 4th ed.
Chichester
: John Wiley
.
Fisher
, R.
,
W.
Ury
, and
B.
Patton
, 1991
. Getting to YES. Negotiating agreement without giving in
2nd Ed.
New York
: Penguin
.
Lax
, D.
and
J.
Sebenius
, 1986
. The manager as negotiator. Bargaining for cooperation and competitive gain
.
New York
: The Free Press
.
Metcalfe
, D.
, Forthcoming
.
Multiparty negotiation analysis
Dissertation
: University of Cambridge
.
O'Neill
, B.
1981
. The number of outcomes in the Pareto‐optimal set of discrete bargaining games
.
Mathematics of Operations Research
6
: 571
–578
.
Raiffa
, H.
1982
. The art and science of negotiation
.
Cambridge
,
Mass.
: Harvard University Press
.
Roth
, A.
1985
. Some additional thoughts on post‐settlement settlements
.
Negotiation Journal
1
: 245
–247
.
Saaty
, T.
1980
. The analytic hierarchy process. Planning, priority setting, resource allocation
.
New York
: McGraw‐Hill
.
Salo
, A.
and
R.
Hämäläinen
, 1997
. On the measurement of preferences in the analytic hierarchy process
.
Journal of Multi-Criteria Decision Analysis
6
: 309
–319
.
von Neumann
, J.
and
O.
Morgenstern
, 1947
. Theory of games and economic behavior
.
New York
: John Wiley
.
White
, S.B.
and
M.
Neale
, 1991
. Reservation prices, resistance points, and BATNAs: Determining the parameters of acceptable negotiated outcomes
.
Negotiation Journal
7
: 379
–388
.
This content is only available as a PDF.
© 2000 Plenum Publishing Corporation. Published under a Creative Commons Attribution-NonCommercial 4.0 International (CC BY-NC 4.0) license.
2000
Plenum Publishing Corporation
This is an open-access article distributed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License, which permits unrestricted use, distribution, and reproduction in any medium, provided the use is non-commercial and the original work is properly cited. For a full description of the license, please visit https://creativecommons.org/licenses/by-nc/4.0.