Here is the synopsis of our sample research paper on The Contribution of Game Theory to Collective Bargaining and Negotiation in Contemporary British Industrial Relations. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 8 page paper looks at the way game theory can be applied to way in which collective bargaining and negotiation take place contemporary British industry. The paper outlines the use of game theory in this context, with the use of examples and then considers its application to different patterns of collective bargaining and negotiations and its’ potential to positively influence current practices. The bibliography cites 5 sources.
Page Count:
8 pages (~225 words per page)
File: TS14_TEgameIR.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
employer being on opposite side of the fence, arguing and incurring long term costs for both parties. It may be argued that the application of game theory to the to
collective bargaining and negotiation in contemporary British industry relations has taken place and that is responsible for changes that have been seen with the current loss of power of the
unions and the rise in the way that the employment relationship between individual employee and the employer is becoming more important rather than the group dynamics, as there is a
power shift. However, it is also with the realisation that negative impacts on the employer may impact on the employee that is also an element. Despite this there are still
many occasions where, in contemporary collective bargaining and negotiation that there is myopia that results in a great deal of harm. As seen with the gate Gourmet dispute and the
loss of all the jobs. To consider what game theory can add to the way collective bargaining and negotiation takes place the
theory itself has to be considered in the relevant context. Game theory can be seen as a strategic tool (Nellis and Parker, 2000). When we look at the way the
decision making process is followed in any firm or individual then it is likely that at some point in the process there will be some sort of comparison or evaluation
made between two different courses of action. These may look at the options in terms of the potential costs of failure and compare them either formally using some type of
probability rating or the use of a cost benefit analysis, or informally with an internal or informal analysis of the consequences for the organisation or individual. In the case of
...