Fair Executive Compensation: Is Kalai-Smorodinsky More Just than Nash ?

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RESEARCH PRODUCT

Fair Executive Compensation: Is Kalai-Smorodinsky More Just than Nash ?

subject

Negotiation Executive compensation Fair distribution media_common.quotation_subject Economics Focus (optics)Discount points Minimax Mathematical economics media_common

description

By considering Phelps' curve, the best disagreement point (BATNA) and the gains of negotiation, we examine what a fair distribution of executive wages should be. Beyond equality and Rawls' maximin, we focus on equality-of-gains (Nash) and on relative-equality-of-gains (Kalai-Smorodinsky). Equality-of-gains is close to maximin; executives may not accept to bargain. Relative-equality-of-gains allows executives and workers to obtain equal gains in percentage; executive compensation is not intolerably high to the price of a higher total payroll.

year	journal	country	edition	language
2015-01-01	SSRN Electronic Journal

https://doi.org/10.2139/ssrn.2584600

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