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Fleurbaey, Marc - Department of Economics, Oxford University - 2004

This paper studies the ethical underpinnings of two social criteria which are prominent in the literature dealing with the problem of evaluating allocations of several consumption goods in a population with heterogeneous preferences. The Pazner-Schmeidler criterion (Pazner-Schmeidler [22]) and...

Persistent link: https://www.econbiz.de/10010605037

Social Choice Theory and the Informational Basis Approach

Roberts, Kevin - Department of Economics, Oxford University - 2005

For over a quarter of a century, the use of utility information based upon interpersonal comparisons has been seen as an escape route from the Arrow Impossibility Theorem. This paper critically examines this informational basis approach to social choice. Even with comparability of differences...

Persistent link: https://www.econbiz.de/10005047734

Competition in Posted Prices With Stochastic Discounts

Gill, David; Thanassoulis, John - Department of Economics, Oxford University - 2013

We study price competition between firms over public list or posted prices when a fraction of consumers (termed 'bargainers') can subsequently receive discounts with some probability. Such stochastic discounts are a feature of markets in which some consumers bargain explicitly; of markets in...

Persistent link: https://www.econbiz.de/10011004203

Host Country-Foreign Investor Bargaining Power and Investment Incentive Provisions in Multilateral Investment Agreements

Mash, Richard - Department of Economics, Oxford University - 2000

a third benefit from commitment which arises from low host country bargaining power when negotiating incentive levels … with foreign investors. If bargaining power is low, incentives agreed under bargaining will be generous to the investor and … host country welfare will be lower than otherwise. It is shown that this consequence of low bargaining power may be avoided …

Persistent link: https://www.econbiz.de/10010604853

Modelling Transactions with Ultimatum Games: An Experiment on Certification

Guerra, Gerardo A. - Department of Economics, Oxford University - 2002

Ultimatum games have been extensively used in experimental studies. By studying the consequences that restrictions shared by ultimatum games have in subject`s behaviour, this paper argues that some results are falsified by design constraints. This paper also presets a taxonomy of certification,...

Persistent link: https://www.econbiz.de/10010604902

Inferring Strategies from Observed Actions: A Nonparametric, Binary Tree Classification Approach

Engle-Warnick, Jim - Department of Economics, Oxford University - 2001

This paper introduces a non-parametric binary classification tree approach to inferring unobserved strategies from the observed actions of economic agents. The strategies are in the form of possibly nested if-then statements. We apply our approach to experimental data from the repeated ultimatum...

Persistent link: https://www.econbiz.de/10010605110

The Optimal Marketing Mix of Posted Prices, Discounts and Bargaining

Thanassoulis, John; Gill, David - Department of Economics, Oxford University - 2010

pricing and bargaining when price takers buy at posted prices but bargainers attempt to negotiate discounts. The optimal … bargaining strategy involves the firms offering bargainers randomly-sized discounts. Competing firms keep posted prices high to …' strategic decision about how much bargaining discretion sales staff should be allowed. Both firms allowing full bargaining …

Persistent link: https://www.econbiz.de/10008469784

List Prices, Bargaining and Resultant Productivity Diffusion Delay

Thanassoulis, John - Department of Economics, Oxford University - 2005

List prices are not completely credible as take it or leave it prices: buyers are able to seek reductions by bargaining …

Persistent link: https://www.econbiz.de/10004977849

Too Many Bargainers Spoil The Broth: The Impact of Bargaining on Markets with Price Takers

Gill, David; Thanassoulis, John - Department of Economics, Oxford University - 2007

those who don`t bargain and the bargained prices for those who were already bargaining rise: sellers have a greater … Authority exhortations to bargain can therefore be misplaced. We also consider the implications for optimal seller bargaining. …

Persistent link: https://www.econbiz.de/10004977885

Bargaining Microfoundations for Productivity Dispersion

Thanassoulis, John - Department of Economics, Oxford University - 2006

This paper analyses the implications of bargaining between buyers and sellers on the competitive outcome in a … homogeneous good industry. Bargaining creates a competitive equilibrium in which some inefficient sellers coexist with efficient … price dispersion but transaction price uniformity. The bargaining models is not observationally equivalent to Bertrand …

Persistent link: https://www.econbiz.de/10004977892