Sentence examples for relative concession from inspiring English sources

It is very similar to Gauthier's (1986) "minimax relative concession" solution.

Instead, bargains are reached when each person provides the minimum relative concession of rents needed to get a bargain off the ground.

The idea of minimax relative concession is that each bargainer will be most concerned with the concessions that she makes from her ideal outcome relative to the concessions that others make.

In sum, the moral norms that rational contractors will adopt (and comply with), according to Gauthier, are those norms that would be reached by the contractors beginning from a position each has attained through her own actions which have not worsened anyone else, and adopting as their principle for agreement the rule of minimax relative concession.

Gauthier likens the contract situation to a bargain, in which each party is trying to negotiate the moral rules that will allow them to realize optimal utility, and then he argues in favor of a bargaining solution that he calls "minimax relative concession".

Gauthier argues that it is the outcome that minimizes the maximum relative concessions of each party to the bargain.

"The flat rate of tax on superannuation contributions means that most high income people receive a larger tax concession, relative to their marginal tax rate, than low income people.

Such relative modesty is a concession to the notion that more women buy the paper at the weekends, as the title hopes to be less off-putting to a female audience.

If she sees her concessions as reasonable relative to the others, considering that she wants to ensure as much for herself as she can while securing agreement (and thereby avoiding the zero-point: no share of the cooperative surplus) and subsequent compliance from the others, then she will agree to it.

The study specifically targeted two plantation concessions, with a focus on determining the relative importance of different vegetation types in the concessions for orangutans, as well as the potential of certain areas to serve as corridors between remnants stands of natural forest.

As far as possible elderly inmates were expected to undertake the same kind of work as the younger men and women, although concessions were made to their relative frailty.