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One bargainer from a finite population X, is matched at random with a bargainer from another finite population Y. They simultaneously precommit to "minimal" shares of a unit surplus. Populations differ in their degree of \underline{perseverance}, parameterized by $\lambda \in (0,1)$. If the...
Persistent link: https://www.econbiz.de/10005118552
Varying quantities of a single good can be produced using at least two and at most $n$ factors of production. The problem of allocating the surplus among the factors is studied in a dynamic model with adaptive behavior. Representatives for the factors (called players) make wage demands based on...
Persistent link: https://www.econbiz.de/10005118633