Strategic wage bargaining with destructive power: the role of commitment
We built a simple alternating offers bargaining model in which one of the players can commit to damage the "pie" they are bargaining over. The unique equilibrium partition his share does not vary monotonically with the discount factor.
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- repec:fth:harver:1432 is not listed on IDEAS
- Ariel Rubinstein, 2010.
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American Economic Review,
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9108, University of Western Ontario, The Centre for the Study of International Economic Relations.
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- Shaked, Avner & Sutton, John, 1984. "Involuntary Unemployment as a Perfect Equilibrium in a Bargaining Model," Econometrica, Econometric Society, vol. 52(6), pages 1351-1364, November.
- Haller, Hans & Holden, Steinar, 1990. "A letter to the editor on wage bargaining," Journal of Economic Theory, Elsevier, vol. 52(1), pages 232-236, October.
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