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surplus is more equitable compared to the case with a purely selfish worker. Moreover, the optimal contract with bargaining … approaches the welfare-optimal contract as the parties' bargaining power converges. Our results help explain why workers are … imply that raising the bargaining power of the less powerful party may increase welfare …
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We study a bargaining model with a disagreement game between offers and counteroffers. In order to characterize the set …
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price, and then to the retail price. The type of vertical agreement firms contract upon as well as their relative bargaining …
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