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Implications of game theory for theoretical underpinning of cooperative relations in workplace partnership
Author(s) -
Trif Aurora,
Brady Malcolm
Publication year - 2013
Publication title -
industrial relations journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.525
H-Index - 3
eISSN - 1468-2338
pISSN - 0019-8692
DOI - 10.1111/irj.12016
Subject(s) - underpinning , general partnership , dilemma , outcome (game theory) , key (lock) , game theory , prisoner's dilemma , stochastic game , economics , sociology , positive economics , public relations , microeconomics , political science , epistemology , computer science , engineering , finance , philosophy , civil engineering , computer security
This article clarifies the ongoing debate over the key factors underpinning cooperative relations between management and trade unions by drawing on the once‐off and repeated prisoner's dilemma models. It argues that the lower the risk to achieve a ‘win‐win’ outcome and the longer the time horizon for workplace partnership, the more likely is for the two parties to cooperate.