Showing 1 - 10 of 294
The relevance of bargaining to everyday life can easily be ascertained, yet the study of any bargaining process is … on some dimensions of the bargaining process – asymmetries and uncertainties in particular – by using a non … most economic situations, uncertainty crucially affects also bargaining processes. Therefore, in our analysis, we introduce …
Persistent link: https://www.econbiz.de/10005791640
The objective of this paper is to investigate the usefulness of non-cooperative bargaining theory for the analysis of … multilateral, multiple issues, non-cooperative bargaining model of water allocation in the Piave River Basin, in the North East of … problem and conduct comparative static analyses to assess sources of bargaining power. Finally, we explore the implications of …
Persistent link: https://www.econbiz.de/10005791729
We model takeovers as a bargaining process and explain termination fees for, both, the target and the acquirer, subject … to parties’ bargaining power and outside options. In equilibrium, termination fees are offered by firms with outside … options in exchange for a greater share of merger synergies. Termination fees decrease in firms’ bargaining power, and …
Persistent link: https://www.econbiz.de/10005498188
We study from both a theoretical and an empirical perspective how a network of military alliances and enmities affects … the intensity of a conflict. The model combines elements from network theory and from the politico-economic theory of … characterization of the Nash equilibrium of the fighting game, and of how the network structure affects individual and total fighting …
Persistent link: https://www.econbiz.de/10011145465
Two groups of voters of known sizes disagree over a single binary decision to be taken by simple majority. Individuals have different, privately observed intensities of preferences and before voting can buy or sell votes among themselves for money. We study the implication of such trading for...
Persistent link: https://www.econbiz.de/10011084134
We investigate the outcome of bargaining when a player’s pay-off from agreement is risky. We find that a risk … makes individuals behave 'more patiently' in bargaining. Strong analogies are drawn to the precautionary saving literature …
Persistent link: https://www.econbiz.de/10005666445
We study the incentives of parents to invest in their children when these investments improve their marriage prospects, in a frictionless marriage market with non-transferable utility. Stochastic returns to investment eliminate the multiplicity of equilibria that plagues models with...
Persistent link: https://www.econbiz.de/10009246608
education and on average human capital of the household's network neighborhood. Network structure is crucial for both the long … run outcomes and the transition of otherwise identical economies. Network cohesion above a certain threshold eliminates … often. During transition, (i) high overall growth is achieved when the network has high degree centralization and the most …
Persistent link: https://www.econbiz.de/10011201356
. Choices in our model are interpreted as a cooperative solution to a bargaining problem among an individual’s conflicting dual … selves. We axiomatically characterize a unique bargaining solution that captures both effects when the selves’ preferences …
Persistent link: https://www.econbiz.de/10004976794
We analyse the interaction of asymmetric industries in international vertically related markets. Each downstream firm bargains efficiently with its domestic supplier in a first stage and with the foreign supplier in a second stage. The asymmetry in upstream costs leads to inter-industry trade....
Persistent link: https://www.econbiz.de/10005789162