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DaniBrook DaniBrook
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3 years ago
One possible source of inefficiency in bargaining is

▸ that there are multiple Nash equilibria.

▸ bounded irrationality.

▸ that the Nash product may be indeterminant.

▸ that the bargaining process takes time.
Textbook 
Managerial Economics and Strategy

Managerial Economics and Strategy


Edition: 3rd
Authors:
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longzdlongzd
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3 years ago
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DaniBrook Author
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3 years ago
Brilliant
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Thanks
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2 hours ago
Good timing, thanks!
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