Right...if bargaining itself is free (no transaction costs). Otherwise it's biased toward status quo.
Replying to @St_Rev @gabrielduquette
huge throbbing disclaime I DO NOT UNDERSTAND ECONOMICS you should have asked @themattsimpson
5:10 PM - 10 Jun 2016
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. Banned in Sweden. SubGenius, Zhuangist, white-hat troll. Defrocked mathematician. Brain problems.