Exam 14: Bargaining

For the following question Consider a simultaneous move game between a union and a company.If both the parties bargain hard,each would gain nothing.If only one party bargains hard the accommodating party gets a profit of $1 million while the bargaining party gets a $5 million,while if they both accommodate,they each get $3 million. -What would be the Nash equilibrium of this game?

(Multiple Choice)

4.9/5

(40)

Question 21

In the sequential negotiation games:

(Multiple Choice)

4.9/5

(35)

Question 22

Which of the following will improve your bargaining position when contracting with a supplier

(Multiple Choice)

4.9/5

(33)

Question 23

If,during the negotiations between the union and the management,a lockout occurs,it would be because

(Multiple Choice)

4.9/5

(35)

Question 24

use the following setup Consider a sequential game between a shopkeeper and a haggling customer.The party who moves first chooses either a high price ($50)or low price ($20)and the second mover either agrees to the price or walks away from the deal and neither party gets anything.Ignore costs and assume the customer values the item at $60. -If the shopkeeper goes first and quotes a high price,what is the best response of the customer?

(Multiple Choice)

4.9/5

(43)

Question 25

Jim is haggling with a car dealer over the sale price of a used car.When he entered the store he was the only customer.This means that

(Multiple Choice)

4.7/5

(37)

Question 26

Jim is haggling with a car dealer on the price of a used car.If the dealer is getting a bonus per sale made,in addition to the commission,Jim is more likely to be able to

(Multiple Choice)

4.8/5

(30)

Question 27

For the following question Consider a simultaneous move game between a union and a company.If both the parties bargain hard,each would gain nothing.If only one party bargains hard the accommodating party gets a profit of $1 million while the bargaining party gets a $5 million,while if they both accommodate,they each get $3 million. -If the firm hires security guards to enforce a lockout,what are they implying?

(Multiple Choice)

4.9/5

(37)

Question 28

For the following question Consider a simultaneous move game between a union and a company.If both the parties bargain hard,each would gain nothing.If only one party bargains hard the accommodating party gets a profit of $1 million while the bargaining party gets a $5 million,while if they both accommodate,they each get $3 million. -If the union leader has already sent strikers to the picket line before entering negotiations,the union has

(Multiple Choice)

4.8/5

(34)

Question 29

Jim is haggling with a car dealer on the price of a used car.During the bargaining,Jim discovers that the car has a significant number of scratches which he had not noticed before.The total surplus from the sale has

(Multiple Choice)

5.0/5

(37)

Question 30

Jill,a bookkeeper just received an attractive offer from an outside firm.Her opportunity cost,of staying in her current position has

(Multiple Choice)

4.8/5

(40)

Question 31

For the following question Consider a simultaneous move game between a union and a company.If both the parties bargain hard,each would gain nothing.If only one party bargains hard the accommodating party gets a profit of $1 million while the bargaining party gets a $5 million,while if they both accommodate,they each get $3 million. -Is this Nash equilibrium efficient?

(Multiple Choice)

4.9/5

(41)

Question 32

use the following setup Consider a sequential game between a shopkeeper and a haggling customer.The party who moves first chooses either a high price ($50)or low price ($20)and the second mover either agrees to the price or walks away from the deal and neither party gets anything.Ignore costs and assume the customer values the item at $60. -If the customer moves first with a high price what is the best response of the shopkeeper

(Multiple Choice)

4.7/5

(32)

Question 33

use the following setup Consider a sequential game between a shopkeeper and a haggling customer.The party who moves first chooses either a high price ($50)or low price ($20)and the second mover either agrees to the price or walks away from the deal and neither party gets anything.Ignore costs and assume the customer values the item at $60. -Suppose this customer is known to throw a fit and scare away other customers if charged high prices.If the shopkeeper moves first,he would ask for

(Multiple Choice)

4.8/5

(30)

Question 34

In the simultaneous move labor negotiation game:

(Multiple Choice)

4.8/5

(37)

Question 35

use the following setup Consider a sequential game between a shopkeeper and a haggling customer.The party who moves first chooses either a high price ($50)or low price ($20)and the second mover either agrees to the price or walks away from the deal and neither party gets anything.Ignore costs and assume the customer values the item at $60. -In the strategic view of bargaining the outcome depends on

(Multiple Choice)

4.7/5

(32)

Question 36

Unless you accept his 'final offer' your opponent threatens to scrap the whole deal:

(Multiple Choice)

4.8/5

(31)

Question 37

Which of the following will improve your salary bargaining position

(Multiple Choice)

4.9/5

(30)

Question 38

Jim is haggling with a car dealer on the price of a used car.During the bargaining,the storekeeper discovers that the car's stereo is better than he or Jim originally realized.If Jim is a huge music fan,the total surplus available from the sale

(Multiple Choice)

4.9/5

(40)

Question 39

Jim is haggling with a car dealer over the sale price of a used car.When he entered the store,the storekeeper was already haggling with the other customer.His bargaining position could get worse if

(Multiple Choice)

4.9/5

(32)

Question 40

Showing 21 - 40 of 82

In the sequential negotiation games:

Which of the following will improve your bargaining position when contracting with a supplier

If,during the negotiations between the union and the management,a lockout occurs,it would be because

Jim is haggling with a car dealer over the sale price of a used car.When he entered the store he was the only customer.This means that

Jim is haggling with a car dealer on the price of a used car.If the dealer is getting a bonus per sale made,in addition to the commission,Jim is more likely to be able to

Jim is haggling with a car dealer on the price of a used car.During the bargaining,Jim discovers that the car has a significant number of scratches which he had not noticed before.The total surplus from the sale has

Jill,a bookkeeper just received an attractive offer from an outside firm.Her opportunity cost,of staying in her current position has

In the simultaneous move labor negotiation game:

Unless you accept his 'final offer' your opponent threatens to scrap the whole deal:

Which of the following will improve your salary bargaining position

Jim is haggling with a car dealer on the price of a used car.During the bargaining,the storekeeper discovers that the car's stereo is better than he or Jim originally realized.If Jim is a huge music fan,the total surplus available from the sale

Jim is haggling with a car dealer over the sale price of a used car.When he entered the store,the storekeeper was already haggling with the other customer.His bargaining position could get worse if

The One Lessor of Business

Benefits, Costs, and Decisions

Extent How Much Decisions

Investment Decisions: Look Ahead and Reason Back

Simple Pricing

Economies of Scale and Scope

Understanding Markets and Industry Changes

Market Structure and Long Run Equilibrium

Strategy: the Quest to Keep Profit From Eroding

Foreign Exchange, Trade, and Bubbles

More Realistic and Complex Pricing

Direct Price Discrimination

Strategic Games

Making Decisions With Uncertainty

Auctions

The Problem of Adverse Selection

The Problem of Moral Hazard

Getting Employees to Work in the Firms Best Interest

Getting Divisions to Work in the Firms Best Interest

Managing Vertical Relationships

Filters

Exam 14: Bargaining

​In the sequential negotiation games:

​Which of the following will improve your bargaining position when contracting with a supplier

​If,during the negotiations between the union and the management,a lockout occurs,it would be because

​Jim is haggling with a car dealer over the sale price of a used car.When he entered the store he was the only customer.This means that

​Jim is haggling with a car dealer on the price of a used car.If the dealer is getting a bonus per sale made,in addition to the commission,Jim is more likely to be able to

​Jim is haggling with a car dealer on the price of a used car.During the bargaining,Jim discovers that the car has a significant number of scratches which he had not noticed before.The total surplus from the sale has

​Jill,a bookkeeper just received an attractive offer from an outside firm.Her opportunity cost,of staying in her current position has

​In the simultaneous move labor negotiation game:

​Unless you accept his 'final offer' your opponent threatens to scrap the whole deal:

​Which of the following will improve your salary bargaining position

​Jim is haggling with a car dealer on the price of a used car.During the bargaining,the storekeeper discovers that the car's stereo is better than he or Jim originally realized.If Jim is a huge music fan,the total surplus available from the sale

​Jim is haggling with a car dealer over the sale price of a used car.When he entered the store,the storekeeper was already haggling with the other customer.His bargaining position could get worse if

The One Lessor of Business

Benefits, Costs, and Decisions

Extent How Much Decisions

Investment Decisions: Look Ahead and Reason Back

Simple Pricing

Economies of Scale and Scope

Understanding Markets and Industry Changes

Market Structure and Long Run Equilibrium

Strategy: the Quest to Keep Profit From Eroding

Foreign Exchange, Trade, and Bubbles

More Realistic and Complex Pricing

Direct Price Discrimination

Strategic Games

Making Decisions With Uncertainty

Auctions

The Problem of Adverse Selection

The Problem of Moral Hazard

Getting Employees to Work in the Firms Best Interest

Getting Divisions to Work in the Firms Best Interest

Managing Vertical Relationships

Filters

In the sequential negotiation games:

Which of the following will improve your bargaining position when contracting with a supplier

If,during the negotiations between the union and the management,a lockout occurs,it would be because

Jim is haggling with a car dealer over the sale price of a used car.When he entered the store he was the only customer.This means that

Jim is haggling with a car dealer on the price of a used car.If the dealer is getting a bonus per sale made,in addition to the commission,Jim is more likely to be able to

Jim is haggling with a car dealer on the price of a used car.During the bargaining,Jim discovers that the car has a significant number of scratches which he had not noticed before.The total surplus from the sale has

Jill,a bookkeeper just received an attractive offer from an outside firm.Her opportunity cost,of staying in her current position has

In the simultaneous move labor negotiation game:

Unless you accept his 'final offer' your opponent threatens to scrap the whole deal:

Which of the following will improve your salary bargaining position

Jim is haggling with a car dealer on the price of a used car.During the bargaining,the storekeeper discovers that the car's stereo is better than he or Jim originally realized.If Jim is a huge music fan,the total surplus available from the sale

Jim is haggling with a car dealer over the sale price of a used car.When he entered the store,the storekeeper was already haggling with the other customer.His bargaining position could get worse if