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An earlier version of this paper was presented in seminars at the University of Western Ontario and at the University of Chicago. I am grateful to the participants in these seminars, and also to Curtis Eaton and Dale Poirier, for many useful comments.
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Kennan, J. Pareto optimality and the economics of strike duration. Journal of Labor Research 1, 77–94 (1980). https://doi.org/10.1007/BF02685200
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DOI: https://doi.org/10.1007/BF02685200