Game-Theoretic Solutions for Disputes and Negotiations
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Fair Outcomes, Inc. Chairman of the Advisory Board: Steven J. Brams
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Fair Buy-Sell
Fair Buy-Sell is a patent-pending system used by joint owners of property - such as business partners, joint venturers, shareholders, and married couples - who wish to bring their joint ownership to an end on terms that are mutually acceptable and legally enforceable. Each party enters confidential information into the system specifying a monetary value at which it would be willing either to sell its share to the other side or to buy out the other side's share. The system compares the two offers and announces a sale to the party that offered the higher value. However, the sale price is set at the midpoint between the two offers, or at some other value arrived at by applying a mutually agreed-upon formula. The system always produces a full and complete resolution of the dispute, and it always provides each party - whether the buyer or seller - with a resolution that is more favorable to it than the one that it had proposed. The Fair Buy-Sell system can also be configured so as to allow for multiple rounds, with feedback in between rounds, and can be used to transfer interests in properties that are not jointly owned. This relatively simple but powerful new system provides an excellent introduction to some of the basic game-theoretic principles that underlie the other systems offered by our company. Further information about this system, and access to a simple and fully automated online version of the system that we are presently offering to the public free of charge, may be obtained by clicking here. To find out more about Fair Buy-Sell, or to discuss a potential use of the system, give us a call or send us an e-mail at fairbuysell [at] fairoutcomes.com. |