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单词 bilateral monopoly
释义

bilateral monopoly

bilateral monopoly A situation in which a monopoly seller bargains with a monopoly buyer (seemonopsony). The classic application of bilateral monopoly is to the negotiation of wages between a union and a firm. The most famous solution (1950) is that stated by John Nash, which suggests that both sides will settle for the wage that maximizes the benefits from cooperation.

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更新时间:2024/11/15 3:05:08