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union-management negotiation
$ 15.00

Homework 9: (20 points) In a union-management negotiation, the following are the percentages of annual wage increase gained by the Union for various combination of union and management strategies:

                                                Management

                                                M1          M2          M3

                                U1             1              3              3

                                U2             4              2              2

                Union    U3             3              1              3

                                U4             3              4              2

                                U5             3              1              2

Determine the best strategies and values of the game for the union and management respectively.

 

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