The concavity axiom in bilateral monopoly

被引：2

作者：

Pita, C ^{[1
]}

Torregrosa, RJ ^{[1
]}

机构：

[1] Univ Salamanca, Fac Econ & Empresa, E-37008 Salamanca, Spain

来源：

ECONOMICS LETTERS | 2003年 / 80卷 / 02期

关键词：

Nash bargaining solution; uncertainty; bilateral monopoly;

D O I：

10.1016/S0165-1765(03)00079-X

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The Nash solution has been systematically applied to solve most wage bargaining models. We show that this solution should not be used in a bilateral monopoly model in which wage bargaining takes place under uncertainty over the future state of nature due to the nonfulfillment of the-often neglected-concavity axiom. (C) 2003 Elsevier B.V. All rights reserved.

引用

页码：211 / 217

页数：7

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