Universal Journal of Management Vol. 7(2), pp. 39 - 49
DOI: 10.13189/ujm.2019.070201
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Applying the Papakonstantinidis 3-ple-win-model on the Social Welfare System of the Labor Markets in Greece and Germany

Thomas Kronberger ¹, Leonidas Papakonstantinidis ^2,3,*
1 Faculty of Management, Comenius University, Slovakia
² School of Management and Economics, Technological Educational Institute, University of Peloponnesus, Greece
³ Institute of Information Technology (IIIT), Indian

ABSTRACT

The aim of this paper is to show the bargaining possibilities when there are three involved parties on a labor market and two of them are active decision-makers. The continuous conflict is between the three main bargaining power poles i.e., State; Company; Citizen. This conflict landscape is directly correlated with the development dynamical trends coming especially from the rapid rate of world urbanization: Market forces based on Instant Reflection Individual Mixed Strategies (IRIMS) between the three power poles i.e. Business, Citizen and the Community (State) shape the labor market by a continuous dynamic evolution. We will show possible solutions for increasing the benefit for all three parties. The "win-win-win papakonstantinidis model" with a 3-ple view in the labor market as the result of a continuous conflict among interests' power poles' i.e. Business-Citizen and the Community (State) for the domination over the labor market The 3ple win involvement, able to create equilibrium point in a pay-off matrix coming from "best responses", of the three stakeholders As introduction basic statistical data from Greece and Germany will be presented and structured. After this the different behaviors of the parties in both countries will be regarded and their bargaining success will be illustrated.

KEYWORDS
Social Welfare Systems, Labor Market, Bargaining Problem Decision Making, Stakeholders, Win-win-win, Profit Maximization

Cite This Paper in IEEE or APA Citation Styles
(a). IEEE Format:
[1] Thomas Kronberger , Leonidas Papakonstantinidis , "Applying the Papakonstantinidis 3-ple-win-model on the Social Welfare System of the Labor Markets in Greece and Germany," Universal Journal of Management, Vol. 7, No. 2, pp. 39 - 49, 2019. DOI: 10.13189/ujm.2019.070201.

(b). APA Format:
Thomas Kronberger , Leonidas Papakonstantinidis (2019). Applying the Papakonstantinidis 3-ple-win-model on the Social Welfare System of the Labor Markets in Greece and Germany. Universal Journal of Management, 7(2), 39 - 49. DOI: 10.13189/ujm.2019.070201.