Wage Determination in the Search-and-Matching Model (35 Points)"Nash bargaining." A second conventional view on how wages are determined in the ork is*proportional bargaining.. lnthe wage is deternined after new matches have been formedIn Nash bargaining, the two parties (the potential ner jointly decide ("negotiate"" )the real wage w, based on maximizing the following expressior Nash maximand = w".-" W=(1-T)wt-b is the worker's payoff from total surplu J=Af'(np)-w is the frm's payoff from total surplus