Economics Research Institute Study Paper
Utah State University Department of Economics
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This article opens up mediation to systematic economic analysis by considering mediators as analogous to the Walrasian auctioneers of exchange theory. By altering trade-off rates among bargaining issues, mediators facilitate a process leading towards Pareto efficient voluntary settlements.
Dickenson, David, "Mediators as the Walrasian Auctioneers of Exchange Theory" (2003). Economic Research Institute Study Papers. Paper 267.