Roth, A. E. "Risk Aversion and the Relationship between Nash's Solution and Subgame Perfect Equilibrium of Sequential Bargaining." Journal of Risk and Uncertainty 2, no. 4 (December 1989): 353–365.
We explore the possibility for self-enforcing long-term contracts between a risk averse union and a risk neutral firm, when these have the option to strike an efficient bargain at every stage, and the ...
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