Sentence examples for reservation values from inspiring English sources

A worker's strategy can be characterized by a set of reservation values which depends on his current labor market state.

The idea is that observed wages for employed individuals are those that succeed in exceeding the individual reservation values.

In order to make the offer values computable for the qualitative issues just as quantitative issues, the proposed flexible negotiation strategies (FlexiNegoS+) for e-commerce negotiations, generate a triangular fuzzy number corresponding to each linguistic value of the qualitative issue from which numerical reservation values are identified.

Conversely, if their reservation wages were comparable or lower to that of our reference group, their inactive status would be interpreted as involuntary: their reservation values are not particularly high but they remain unemployed because the arrival rate of job offers is quite low.

Even education plays an important role in setting the individual's reservation value.

Search continues until a partner is found whose "quality" equals or exceeds an endogenously determined reservation value…Standard search theory predicts that, all else equal, higher search costs lower the reservation value and increase the probability of marriage".

To guarantee that all consumers buy at least one platform, the theoretical model assumes that all consumers have an identical (and sufficiently high) reservation value, (c^{u}).

Finally we check whether individuals residing in a city19 have a lower reservation value because of lower job-search costs thanks to better access to the transportation network.

The objective of each mechanism is to allocate a single unit of an indivisible private good to the player with the highest reservation value at zero cost to her.

This implies that the proposed linear price ( p_{BG} ) is that which leads the coalition members to receive their reservation value; namely, the consumer surplus achieved in the supply demand function scenario reflected in Lemma 2 of Sect. 4.

As Addison et al. (2010) point out, this is mainly due to the fact that respondents usually answer by indicating the prevailing wage on the labor market, rather than their true reservation value.