Bargaining solutions to the problem of exchange of uncertain ventures
Consider the betting problem where two individuals negotiate to determine the amount each will bet. It has already been established that when the two bettors both have concave utility functions, there exist mutually beneficial bets (i.e. bets giving positive utility to both players) merely if play...
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| Language: | English |
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2010
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| Online Access: | http://hdl.handle.net/2429/20798 |