based on economics bargaining
john the state apointed receiver says his city's declaration of bankruptcy had proved invaluable in helping it cut costs. he had found it impossible to wring meaningful concessions out of the city's unions and retirees, who were being asked to give up roughly half of the pensions they had earned as the city ran out of cash before the city declaration of bankruptcy
True or False: In negotiations with unions, cities without the ability to file bankruptcy have a higher disagreement value than cities with the ability to file bankruptcy.