Zeuthen Strategy - Minimal Sufficient Concession

Minimal Sufficient Concession

is the minimal sufficient concession of agent A in step t.

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Famous quotes containing the words minimal, sufficient and/or concession:

    For those parents from lower-class and minority communities ... [who] have had minimal experience in negotiating dominant, external institutions or have had negative and hostile contact with social service agencies, their initial approaches to the school are often overwhelming and difficult. Not only does the school feel like an alien environment with incomprehensible norms and structures, but the families often do not feel entitled to make demands or force disagreements.
    Sara Lawrence Lightfoot (20th century)

    There are ... two minimum conditions necessary and sufficient for the existence of a legal system. On the one hand those rules of behavior which are valid according to the system’s ultimate criteria of validity must be generally obeyed, and on the other hand, its rules of recognition specifying the criteria of legal validity and its rules of change and adjudication must be effectively accepted as common public standards of official behavior by its officials.
    —H.L.A. (Herbert Lionel Adolphus)

    Let the amelioration in our laws of property proceed from the concession of the rich, not from the grasping of the poor. Let us understand that the equitable rule is, that no one should take more than his share, let him be ever so rich.
    Ralph Waldo Emerson (1803–1882)