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Pirates of the Mediterranean : an empirical investigation of bargaining with asymmetric information
Ambrus, Attila; Chaney, Eric; Salitskiy, Igor - In: Quantitative economics : QE ; journal of the … 9 (2018) 1, pp. 217-246
We investigate the effect of delay on prices in bargaining situations using a data set containing thousands of captives …- ing type bargaining model, adjusted to our context, and find that the model fits both the observed prices and acceptance …
Persistent link: https://www.econbiz.de/10011884461
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Incomplete Contract and Divisional Structures
Bao, Te; Wang, Yongqin - 2009
ex post bargaining phase in which the managers can agree on theproject which maximize their joint private benefit. Our … model shows the share of co-operative surplus the managers can get from bargaining and their default pay off playsa key role …
Persistent link: https://www.econbiz.de/10010325682
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Pirates of the Mediterranean: An empirical investigation of bargaining with asymmetric information
Ambrus, Attila; Chaney, Eric; Salitskiy, Igor - In: Quantitative Economics 9 (2018) 1, pp. 217-246
We investigate the effect of delay on prices in bargaining situations using a data set containing thousands of captives …- ing type bargaining model, adjusted to our context, and find that the model fits both the observed prices and acceptance …
Persistent link: https://www.econbiz.de/10011995516
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Works Councils and Collective Bargaining in Germany: The Impact on Productivity and Wages
Hübler, Olaf; Jirjahn, Uwe - 2001
bargaining in Germany. Based on a simple bargaining model we derive our main hypothesis: In establishments covered by collective … bargaining agreements works councils are more likely to be engaged in productivity enhancing activities and less engaged in rent …
Persistent link: https://www.econbiz.de/10010262527
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Integration and Cooperation in Public Hospitals
Rehn, Eric - 2010
Hospital care is a joint production involving a wide range of services; ranging from medical services to support services to hotel services. This paper, focusing on the cooperation between these services, models the internal organization of public hospitals. The analysis is based on the property...
Persistent link: https://www.econbiz.de/10013208554
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Incomplete contract and divisional structures
Te, Bao; Wang, Yongqin - 2009
ex post bargaining phase in which the managers can agree on theproject which maximize their joint private benefit. Our … model shows the share of co-operative surplus the managers can get from bargaining and their default pay off playsa key role …
Persistent link: https://www.econbiz.de/10011378948
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Bargaining under incomplete information, fairness, and the hold-up problem
Siemens, Ferdinand von - 2005
-post bargaining. The present paper investigates the efficiency of incomplete contracts if individuals have heterogeneous preferences … implying heterogeneous bargaining behavior and - equally important - preferences are private information. As the sunk … investment costs can thus potentially signal preferences, they can influence beliefs and consequently bargaining outcomes. The …
Persistent link: https://www.econbiz.de/10010371083
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Bargaining under incomplete information, fairness, and the hold-up problem
Siemens, Ferdinand von (contributor) - 2005
-post bargaining. The present paper investigates the efficiency of incomplete contracts if individuals have heterogeneous preferences … implying heterogeneous bargaining behavior and - equally important - preferences are private information. As the sunk … investment costs can thus potentially signal preferences, they can influence beliefs and consequently bargaining outcomes. The …
Persistent link: https://www.econbiz.de/10002812571
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Breakdown in Multilateral Negotiations
Göller, Daniel - 2012
We analyze a complete information multilateral bargaining model in which a buyer is to purchase several complementary … of bargaining games a complete breakdown of negotiations can occur as the unique equilibrium outcome even if only two …
Persistent link: https://www.econbiz.de/10013099523
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Relational Contracting, Repeated Negotiations, and Hold-Up
Kranz, Sebastian - 2013
We propose a unified framework to study relational contracting and hold-up problems in infinite horizon stochastic games. We first illustrate that with respect to long run decisions, the common formulation of relational contracts as Pareto-optimal public perfect equilibria is in stark contrast...
Persistent link: https://www.econbiz.de/10013087220