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Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498 Exercise 32
Job offers could be considered a one-round bargaining game with a first-mover advantage: The company offers you a job at a certain salary, and you can take it or leave it. Explain why the company might not capture all the surplus in this game, even if you can't make a counteroffer.
Explanation
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First-Mover Advantage:
First-Mover Adva...
Economics 1st Edition by Dean Karlan,Jonathan Morduch
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