That’s the question Stephen Dubner asked me for a Freakonomics Quorum. Here’s a tease:
I see the problem here as one of gathering information about what each party desires in order to foster agreement where there are strong incentives to hold out. I’d prefer to adjust the bargaining framework rather than directly attempt to reconcile revenue expectations that are largely invisible to the other side and the public.
You can read the rest of my answer, as well as the answers from Dave Berri and Maury Brown, at Freakonomics. Thanks to Stephen for asking my opinion.