Intra Firm Bargaining and Shapley Values
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The paper revisits the problem of wage bargaining between a firm and multiple workers. We show that the Subgame Perfect Equilibrium of the extensive-form game proposed by Stole and Zwiebel (1996a) does not imply a profile of wages and profits that coincides with the Shapley values as claimed in
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美国国家经济研究局创建时间：
2015-08-01
