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Consider an Ultimaton game (1-period bargaining game) in which the disagreement payoff of each player is c> 0. Which of the following is TRUE for
Consider an Ultimaton game (1-period bargaining game) in which the disagreement payoff of each player is c> 0. Which of the following is TRUE for this game? A. Player 1 receives the entire pie in some subgame perfect equilibrium B. Player 2 receives 0 payoff in some subgame perfect equilibrium C. There exists a SPE in which each player receives strictly positive payoff
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Microeconomics
Authors: Dean Karlan, Jonathan Morduch
1st edition
978-0077332587, 007733258X, 978-0077332648, 77332644, 978-1259163531
