Consider a bilateral negotiating game in which a players salary is the weighted average between the players
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Question:
Consider a bilateral negotiating game in which a player’s salary is the weighted average between the player’s MRP and their reservation wage: W = aWr + (1-a)MRP. Assume a player under reserve, with a reservation wage of $50,000 per year, and an MRP of $650,000 negotiates a salary of $380,000. What is this player’s
i) Pigouvian exploitation score?
ii) Negotiating index?
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
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