Question: Using the standard bargaining solution for the following variation of the Jerry - Rosemary example in the chapter 1 8 ( Work contract example in

Using the standard bargaining solution for the following variation of the Jerry-Rosemary example in the chapter 18(Work contract example in the slides). Find the value of t given the information below:
[ d_w=d_o=0 ; \pi _w=\pi _o=1/2; v_w=10000-4000 x ; v_o=40000+3000 x ]
Recall the game: - Two players ( W and O)- Decision regarding hiring and responsibilities (x) in the - x is a binary variable determining the level of responsibilities: - x=0 means low responsability; x=1 means high responsability. -"d" is the default option. while v is the value received with the contract. -\pi is the bargain weight.

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