Question
Consider the axiomatic Nash bargaining model. State the axiom of independence of irrelevant alternatives (IIRA). Provide a critique of IIRA by (briefly and informally) describing
Consider the axiomatic Nash bargaining model. State the axiom of independence of irrelevant alternatives (IIRA). Provide a critique of IIRA by (briefly and informally) describing bargaining environments that may violate IIRA
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The Economics Of The Environment
Authors: Peter Berck, Gloria Helfand
1st Edition
978-0321321664, 0321321669
