Question
1.After being offered $18 million by the Boston Red Sox, Roger Clemens signed in 2007 with the New York Yankees for $28 million.Assuming Clemens' salary
1.After being offered $18 million by the Boston Red Sox, Roger Clemens signed in 2007 with the New York Yankees for $28 million.Assuming Clemens' salary is a Nash bargaining equilibrium of a negotiation between Clemens and the Yankees, what is Clemens' marginal revenue product in New York?
Clemens' marginal revenue product in New York is the same as the New York Yankees. Since the maximum willingness to pay was 38, the marginal revenue product for Clemens' would be 38 but the salary was settled to 28. 28 = (38 - MRPr)
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International Business
Authors: Michael Geringer, Jeanne M. McNett, Michael S Minor, Donald A Ball
1st edition
78029376, 78029370, 1259317226, 978-1259317224
