b. Consider the following strategy for the worker: Accept any offer w so long as w $
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b. Consider the following strategy for the worker: Accept any offer w so long as w $ w*; reject offers otherwise. Furthermore, exert effort e upon accepting an offer so long as all previous offers (including the current one) have been at least w; otherwise shirk. Is this another example of a trigger strategy?
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Related Book For
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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