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- W2078374612 abstract "Abstract The paper examines the Nash bargaining equilibrium in a simple model of growth and distribution formulated as a differential game between workers, who may save or consume, and capitalists, who may consume or invest. Optimal threats announced by the social classes to affect the negotiated solution to their own advantage are also derived. It is demonstrated that the workers' threat takes the form of refusing to save while capitalists threaten to refrain from investing. The threats as well as the possible gains from cooperation determine the players' relative importance or bargaining power. It is shown that capitalists are in general in a stronger bargaining position than workers. The dependence of the bargaining power on the parameters of the model is examined." @default.
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- W2078374612 date "1984-12-01" @default.
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- W2078374612 title "Threats and bargaining in capitalism a differential game view" @default.
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- W2078374612 doi "https://doi.org/10.1016/0165-1889(84)90009-5" @default.
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