Dual-Issue Final-Offer Arbitration: Invariance of Pure Optimal Strategies Under L_p Metrics

摘要

Received 14 December 2018 Accepted 17 May 2019 Published 12 September 2019 We consider a final-offer arbitration problem between two players with two quantitative issues in dispute. We model the problem as a zero-sum game where the arbiter's opinion is drawn from a bivariate normal distribution and derive the only possible pure strategies regardless of the choice of L_p metric used by the arbiter.