Escrihuela‐Villar, Marc; Ferrarese, Walter; Iozzi, Alberto - 2023
In bargainings, the parties’ bargaining powers (BPs) may determine not only how the surplus is shared (share effect), but also the size of the aggregate surplus (size effect). Since the size effect may be positive or negative, the sign of the effect on a party’s payoff of a change in her BP...