Sentence examples for relative concessions from inspiring English sources

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

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

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.

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

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".

"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.

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.

But since the 1990s, the government has presided over the destruction of large portions of the forest, with land titles and logging concessions often handed out to relatives of president Daniel Arap Moi, who left office in 2002.