A note on the strategic aspects of the t
โ
Milind Rao
๐
Article
๐
1994
๐
Springer
๐
English
โ 281 KB
It is well known that an agent can be hurt by accepting a gift, the donor of which is made better off. Why then does the recipient accept this welfare reducing gift? This paper examines the strategic aspects of the paradox. It shows that if the recipient refuses the gift, it would suffer an even gre