A differential game model of labor-management negotiation druing a strike

Abstract

This is a Nash equilibrium pair since it satisfies all the conditions of the definition; in particular, it is admissible for all possible (z0, to). The equation governing the rate of progress of negotiation is thenThus, ]t z --m 1[ diminishes at constant rate and the components of z --m reach zero simultaneously at time T * , where 3 T* --to = II z0 --rn IE ( k # ( e + k;X2'e) -1 and e = (z0 --m)/ll go --m ii.