The decisive condition for euvoluntariness is that the disparity in BATNA (best alternative to a negotiated agreement) between the parties must not be too great; when one party's next-best alternative is catastrophic (e.g., death of thirst) while the other's is trivial, the transaction is not euvoluntary even though both parties may gain.

definitionpending

Speaker

Mike Munger

Evidence Quote

transaction is not you voluntary if the disparity in badness is too great

Source

Mike Munger on Exchange, Exploitation and Euvoluntary Transactions 06/20/2011EconTalk
Created: 6/17/2026, 10:09:19 AM

My Notes

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