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A strategic aspect of the strong positive association condition

โœ Scribed by Joseph Greenberg


Book ID
116100519
Publisher
Elsevier Science
Year
1988
Tongue
English
Weight
173 KB
Volume
26
Category
Article
ISSN
0165-1765

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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