In the simultaneous move labor negotiation game:
A)The payoffs are always higher if you accommodate
B)The payoffs are always higher if you bargain hard
C)The payoffs from accommodating are only higher if your opponent bargains hard
D)The payoffs from accommodating are only higher if your opponent accommodates

Question

​In the simultaneous move labor negotiation game:
A)​The payoffs are always higher if you accommodate
B)The payoffs are always higher if you bargain hard
C)The payoffs from accommodating are only higher if your opponent bargains hard
D)​The payoffs from accommodating are only higher if your opponent accommodates

Quizplus · Accepted Answer

In the simultaneous move labor negotiation game, if both parties accommodate, they both receive a higher payoff compared to if both parties bargain hard. However, if one party accommodates and the other bargains hard, the party that accommodates receives a higher payoff. Therefore, the best choice is to accommodate only if the opponent is bargaining hard.

​In the Simultaneous Move Labor Negotiation Game

In the Simultaneous Move Labor Negotiation Game