Logrolling Procedure for Multi-Issue Negotiation |
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Authors: | May Tajima Niall M. Fraser |
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Affiliation: | (1) Department of Management Sciences, University of Waterloo, Waterloo, Ontario, Canada, N2L 3G1 |
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Abstract: | In order to better deal with the complexity in multi-issue negotiation, a quantitative method which produces Pareto optimal solutions through jointly improving exchange of issues is proposed. The trade-off process is modelled using logrolling, in which loss in some issues is traded for gain in others, resulting in overall gain for all parties. This mutual gain approach is designed based on the integrative negotiation strategy. The objective of the logrolling method is in negotiation support by providing a structure and systematic analysis for ill-defined multi-issue negotiation problems. This study presents a formal representation of logrolling, the sequential logrolling procedure that is based on the exchange of two issues, and the general properties of the efficient frontier produced by logrolling under a linear preference assumption. The study also includes some discussion on implementation aspects of the logrolling method. |
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Keywords: | efficient frontier integrative bargaining logrolling multiple issues negotiation sequential procedure trade-offs |
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