Efficiency versus equality in bargaining
We consider how the outcome of bargaining varies with changes in the trade-off between equality, efficiency, and total-earnings maximization. We observe that subjects avoid an equal-earnings outcome if it is Pareto inefficient; a large proportion of bargaining pairs avoid an equal and Pareto efficie...
| Main Authors: | , , |
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| Format: | Article |
| Published: |
Oxford University Press
2018
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| Subjects: | |
| Online Access: | https://eprints.nottingham.ac.uk/50482/ |