I wonder how often the CoCo point is attained in real life transferable utility bargaining games.
Eg. Do most houses sell for half way between the seller’s walk away price and the buyer’s walk away price? Do most employees earn a wage that is half way between the employee’s walk away wage and the employer’s walk away wage (at least when the employee’s walk away wage is above the legal minimum wage)?
I wonder how often the CoCo point is attained in real life transferable utility bargaining games.
Eg. Do most houses sell for half way between the seller’s walk away price and the buyer’s walk away price? Do most employees earn a wage that is half way between the employee’s walk away wage and the employer’s walk away wage (at least when the employee’s walk away wage is above the legal minimum wage)?