Job offers could be considered a one-round bargaining game with a first-mover advantage: The company offers you

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Job offers could be considered a one-round bargaining game with a first-mover advantage: The company offers you a job at a certain salary, and you can take it or leave it. Explain why the company might not capture all the surplus in this game, even if you can’t make a counteroffer.

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Microeconomics

ISBN: 978-1259813337

2nd edition

Authors: Dean S. Karlan, Jonathan J. Morduch

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