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Persistent link: https://www.econbiz.de/10012097441
We analyse the two‐dimensional Nash bargaining solution (NBS) by deploying the standard labour market negotiations model of McDonald and Solow. We show that the two‐dimensional bargaining problem can be decomposed into two one‐dimensional problems, such that the two solutions together...
Persistent link: https://www.econbiz.de/10014504489