1 a and b have 50 to share player a moves first pie is 50, Business Management

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1 a and b have 50 to share player a moves first pie is 50

Please explain the concept of Rubinstein bargaining, please use words and graphs to explain how rubinstein bargaing works, and answer the following two questions

1. A and B have $50 to share. Player A moves first. Pie is $50 in round 1, $12.50 in round 2, zero in round 3 and after. What is the solution?
2. A and B have$50 to share. A moves first. Pie is $50 in round 1, $25 in round 2, $12.50 in round 3, $0 in round 4 and after. What is the solution?

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Business Management: 1 a and b have 50 to share player a moves first pie is 50

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