| Author: | Hak Choi | ISBN: | 1230002081892 |
| Publisher: | Hak Choi | Publication: | January 9, 2018 |
| Imprint: | Language: | English |
| Author: | Hak Choi |
| ISBN: | 1230002081892 |
| Publisher: | Hak Choi |
| Publication: | January 9, 2018 |
| Imprint: | |
| Language: | English |
Bargaining is the theory of splitting of, say, $100 to two persons or more. Some suggest the simple 50/50 rule, some suggest splitting according to utility or marginal utility, some let the Almighty split, while some coordinate to split, etc. But none of the results satisfies the parties involved. Moreover, their methods are not economics.
Economics method must involve demand and supply, and must have equilibrium, which means satisfaction to both parties. That is the bargaining method used by this book.
Bargaining is the theory of splitting of, say, $100 to two persons or more. Some suggest the simple 50/50 rule, some suggest splitting according to utility or marginal utility, some let the Almighty split, while some coordinate to split, etc. But none of the results satisfies the parties involved. Moreover, their methods are not economics.
Economics method must involve demand and supply, and must have equilibrium, which means satisfaction to both parties. That is the bargaining method used by this book.
