Showing 1 - 10 of 54
A distinct feature of China’s privatization is that both its design and its implementation are highly decentralized and are administered by the local governments. Based on a survey of 3,000 firms in over 100 Chinese cities, this paper studies how city governments choose among various...
Persistent link: https://www.econbiz.de/10011145391
We model networks of relational (or implicit) contracts, exploring how sanctioning power and equilibrium conditions change under different network configurations and information transmission technologies. In our model relations are the links, and the value of the network lies in its ability to...
Persistent link: https://www.econbiz.de/10005114333
Public agencies rely on two key modes to procure goods and services: auctions and direct negotiations. The relative … passenger railway services in Germany, where regional agencies can use auctions and negotiations to procure regional passenger … legal framework. We first characterize the decisions of the agency in a simple reduced form framework of negotiations and …
Persistent link: https://www.econbiz.de/10009275960
post. We show that this is achieved by bilateral negotiations but not by auctions. Negotiations strictly outperforms … if the buyer's bargaining position is sufficiently strong. Moreover, we show that negotiations provide stronger … use of negotiations as a procurement mechanism in private industry. …
Persistent link: https://www.econbiz.de/10011096108
This Paper develops a model of child custody based on an incomplete-contract approach to the allocation of property rights. Because of the presence of transaction costs in marriage, altruistic parents cannot contract upon the investments they make into their children, but can reduce the...
Persistent link: https://www.econbiz.de/10005788987
This Paper examines recent theoretical developments in the theory of coalition stability. It focuses on the relationship between the incentives to defect from a coalition, the size of the resulting equilibrium coalition structure and the different assumptions on membership rules, coalition...
Persistent link: https://www.econbiz.de/10005791385
International agreements to protect the global environment are typically difficult to reach. In principle they should be profitable for all players involved in the negotiation. Even when they are profitable, however, they are often unstable due to the incentive to free-ride (enjoying the clean...
Persistent link: https://www.econbiz.de/10005792083
-offer negotiations to a model schedule approach that sets ambitious objectives - ideally full national treatment for the major backbone …
Persistent link: https://www.econbiz.de/10005124100
negotiations, its increased bargaining power and its eventual incentives to follow the US defections. …
Persistent link: https://www.econbiz.de/10005124246
be derived from the recent outcomes of climate negotiations. Even though an equitable sharing of the costs of controlling …
Persistent link: https://www.econbiz.de/10005136584