2017
DOI: 10.1111/nejo.12177
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Precedents in Negotiated Decisions: Korea–Australia Free Trade Agreement Negotiations

Abstract: Initial random acts can be replicated and evolve into precedents, but precedents can also be built with strategic intent. Regardless of their origin, strategically applying a particular precedent or effectively refuting the relevance of a precedent can help a negotiator control decisions and achieve interdependent goals. The purposeful use of precedents has received little attention in the negotiation literature, even though using precedents can be a powerful negotiating tactic. In this study, we examine how p… Show more

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Cited by 11 publications
(9 citation statements)
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“…Precedents are multifaceted strategic tools that have the capacity to influence the behavior and perceptions of negotiating parties (Crump, 2016). They have the potential to enhance the perception of legitimacy and fairness and constitute a more useful point of reference than more abstract concepts such as equity, equality and need, which are more difficult to apply (Crump and Moon, 2017).…”
Section: The Role Of Precedents In Negotiationsmentioning
confidence: 99%
“…Precedents are multifaceted strategic tools that have the capacity to influence the behavior and perceptions of negotiating parties (Crump, 2016). They have the potential to enhance the perception of legitimacy and fairness and constitute a more useful point of reference than more abstract concepts such as equity, equality and need, which are more difficult to apply (Crump and Moon, 2017).…”
Section: The Role Of Precedents In Negotiationsmentioning
confidence: 99%
“…Figure 4 shows the utility values generated by Counter, BLRA and LSTM models computed using Eqs. (6) and (13) respectively. The x-axes shows the number of rounds from 0 to 100 while the y-axes shows the utility values ranging from 0 to 1.…”
Section: Example Continuedmentioning
confidence: 99%
“…Note that RV refers to the utility of a bid in the negotiation, below which we would not be willing to accept any bid. Reasons for not accepting a bid whose utility is below RV can be due to a better BATNA -Best Alternative to Negotiated Agreement [6] (so RV may be set to BATNA) or that the agent receives a utility that is not good enough for the agent to accept. In settings where the environment is dynamic, there can be situations where our RV can change with time (while the preference profile is static) [16].…”
Section: Introductionmentioning
confidence: 99%
“…Searching the traditional media is a rather structured task that can be effectively conducted by any competent and motivated undergraduate. After conducting this media search the Korean Research Assistant went on to conduct more complicated tasks such as contacting potential respondents via e-mail and phone and establishing appointments (Crump & Moon, 2017).…”
Section: Identifying Respondentsmentioning
confidence: 99%