Implications of game theory for theoretical underpinning of cooperative relations in workplace partnership
Brady, MalcolmORCID: 0000-0002-4276-3976 and Trif, Aurora
(2013)
Implications of game theory for theoretical underpinning of cooperative relations in workplace partnership.
Industrial Relations Journal, 44
(3).
pp. 258-275.
ISSN 1468-2338
This paper 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.
Metadata
Item Type:
Article (Published)
Refereed:
Yes
Uncontrolled Keywords:
Workplace partnership; Game theory; Prisoner’s dilemma; Time horizon; Trade unions