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)

    Generally speaking, the political news, whether domestic or foreign, might be written today for the next ten years with sufficient accuracy. Most revolutions in society have not power to interest, still less alarm us; but tell me that our rivers are drying up, or the genus pine dying out in the country, and I might attend.
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    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)