ETIKONOMI
Vol 19, No 2 (2020)

Arrangements of Employer-Labor Conflicts With Game Theory: Implementation of Islamic Ethic Value

Siti Najma (IAIN Lhokseumawe)
Ramadhan Razali (IAIN Lhokseumawe)
Harjoni Desky (IAIN Lhokseumawe)



Article Info

Publish Date
08 Oct 2020

Abstract

Employer-labor conflicts are sometimes eternal and challenging to solve. Game theory is one of the essential ideas in settling these conflicts. Furthermore, employer-labor interactions in conflict situations are strategic. In case the employer-labor relationship is non-cooperative, taking place only once, both parties are involved in a prisoner's dilemma situation. In cooperative game theory, the players work together to win the game. Organizational management needs to consider strategic behavior, built-in cooperative games, effective and efficient collaboration between workers and employers. This study examines employer-labor conflict resolution with game theory. It incorporates Islamic ethical values using qualitative research methods. Cooperative games built on employer-labor relations derive from the brotherhood principles (ukhuwah), justice ('adl), and goodness (ihsan) that maximizes cooperation and prevent conflicts.JEL Classification: C70, J01, Z12How to Cite:Najma, S., Ramadhan., & Desky, H. (2020). Arrangements of Employer-Labor Conflicts with Game Theory: Implementation of Islamic Ethic Value. Etikonomi: Jurnal Ekonomi, 19(2), 323-332. https://doi.org/10.15408/etk.v19i2.15614.

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Journal Info

Abbrev

etikonomi

Publisher

Subject

Economics, Econometrics & Finance

Description

Etikonomi is a peer-reviewed journal on Economics, Business and Management by Faculty of Economic and Business State Islamic University (UIN) Syarif Hidayatullah Jakarta. FOCUS This journal focused on economics, business, and management studies and present developments through the publication of ...