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According to Rubinstein (1982): A If agents are allowed to counter-offer, the game will immediately converge to a fair split income. B Delay is costly,
According to Rubinstein (1982): A If agents are allowed to counter-offer, the game will immediately converge to a fair split income. B Delay is costly, and bargaining over unfair proposals wastes people's time. If agents are allowed to counter-offer, then it's very hard to reach an agreement. D All of the above. E Only a. and b. F Only a. and c
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Price theory and applications
Authors: Steven E landsburg
8th edition
538746459, 1133008321, 780538746458, 9781133008323, 978-0538746458
