Suppose the union makes the offer in the first round and the firm will make the...

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Suppose the union makes the offer in the first round and the firm will make the offer in the second round if agreement is not reached. In this case, the union will offer the firm a payoff of in the first round. The Rubinstein outcome in this case gives the firm payoff and union payoff This is a gain of for the union. for the firm and a gain of D. Suppose instead the firm makes the offer in the first round and the union will make the offer in the second round if agreement is not reached. In the first round, the firm knows that in the second round the highest feasible payoff for the union is The firm will offer the union a payoff of in the first round and the union will offer. (Enter "1" for accept, "0" for reject.) The Rubinstein outcome gives the firm payoff and the union payoff for the firm and a gain of When the union goes first the product of gains is goes first, the product of gains is this . This is a gain of for the union. When the firm E. (Notes upload) Depict these gain areas by shading them in on a graph. Relative to when the firm goes first, the gains are when the union goes first. (Enter "1" for higher, "0" for the same, "-1" for lower.) The magnitude of the difference between firm and union gains is "1" for higher, "0" for the same, "-1" for lower.) when the union goes first. (Enter 20 20 U 18 16 14 12 10 8 6 4 2 0 8 10 12 14 16 18 20 Suppose the union makes the offer in the first round and the firm will make the offer in the second round if agreement is not reached. In this case, the union will offer the firm a payoff of in the first round. The Rubinstein outcome in this case gives the firm payoff and union payoff This is a gain of for the union. for the firm and a gain of D. Suppose instead the firm makes the offer in the first round and the union will make the offer in the second round if agreement is not reached. In the first round, the firm knows that in the second round the highest feasible payoff for the union is The firm will offer the union a payoff of in the first round and the union will offer. (Enter "1" for accept, "0" for reject.) The Rubinstein outcome gives the firm payoff and the union payoff for the firm and a gain of When the union goes first the product of gains is goes first, the product of gains is this . This is a gain of for the union. When the firm E. (Notes upload) Depict these gain areas by shading them in on a graph. Relative to when the firm goes first, the gains are when the union goes first. (Enter "1" for higher, "0" for the same, "-1" for lower.) The magnitude of the difference between firm and union gains is "1" for higher, "0" for the same, "-1" for lower.) when the union goes first. (Enter 20 20 U 18 16 14 12 10 8 6 4 2 0 8 10 12 14 16 18 20