Competition Among Job Applicants Lowers Their Bargaining Power
When multiple candidates apply for a single position, a competitive environment is created that diminishes the bargaining power of each individual applicant. This situation is analogous to an ultimatum game with several competing Responders, where the Proposer holds a significant advantage.
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Ch.5 The rules of the game: Who gets what and why - The Economy 2.0 Microeconomics @ CORE Econ
The Economy 2.0 Microeconomics @ CORE Econ
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