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Asymmetric FDI and Tax-Treaty Bargaining: Theory and Evidence
Davies, Ron; Chisik, Richard - Econometric Society - 2004
for bargaining over the treaty’s terms. This paper makes a first attempt at modeling the conflicting goals in treaty … formation by analyzing a cooperative bargaining model of tax determination. In a simple framework, we develop hypotheses about …. We find that treaty-specified withholding taxes vary in a systematic way that is consistent with our simple bargaining …
Persistent link: https://www.econbiz.de/10005328861
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Valuation in Dynamic Bargaining Markets
duffie - Econometric Society - 2004
We study the impact on asset prices of illiquidity associated with search and bargaining in an economy in which agents …
Persistent link: https://www.econbiz.de/10005328973
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Valuation in Dynamic Bargaining Markets
Pedersen, Lasse; Duffie, Darrell; Garleanu, Nicolae - Econometric Society - 2004
We study the impact on asset prices of illiquidity associated with search and bargaining in an economy in which agents …
Persistent link: https://www.econbiz.de/10005328997
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Complexity and Efficiency in Repeated Games with Negotiation
Sabourian, Hamid; Lee, Jihong - Econometric Society - 2004
offers bargaining and repeated games. Despite the forces of bargaining, the negotiation game in general admits a large number … equilibria survive. Thus, complexity and bargaining in tandem may offer an explanation for co-operation in repeated games …
Persistent link: https://www.econbiz.de/10005342231
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A Rent Extraction Theory of Right of First Refusal
Choi, Albert - Econometric Society - 2004
When a seller gives a buyer a right of first refusal, although it reduces the competing buyers' profits and creates an inefficiency, it always increases the joint profit of the seller and the right holder. Right of first refusal with a consideration (e.g., a payment from the right holder to the...
Persistent link: https://www.econbiz.de/10005342352
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Vertical Contracting When Competition for Orders Precedes Procurement
Gans, Joshua S - Econometric Society - 2004
This paper reverses the standard order between input supply negotiations and downstream competition and assumes that competition for orders takes place prior to procurement of inputs in a vertical chain. In an environment where procurement negotiations involve no private information and no...
Persistent link: https://www.econbiz.de/10005130157
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The Strategic Impact of Pace in Double Auction Bargaining
Gjerstad, Steven - Econometric Society - 2004
This paper evaluates performance of human subjects and instances of a bidding model that interact in continuous-time double auction experiments. Asks submitted by instances of the seller model ("automated sellers") maximize the seller's expected surplus relative to a heuristic belief function,...
Persistent link: https://www.econbiz.de/10005063604
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The Effect of Outside Options on Bargaining Under Asymmetric Information
Wickelgren, Abraham L. - Econometric Society - 2004
Admati and Perry (1987) derive the equilibrium in a bargaining game between a seller and buyer when the buyer … equilibrium for this bargaining game with asymmetric information and outside options. It turns out that giving the seller an …
Persistent link: https://www.econbiz.de/10005063605
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Arbitration Systems and Negotiations
Ponsati, Clara; Adamuz; Mercedes - Econometric Society - 2004
We consider a model of bargaining by concessions where agents can terminate negotiations by accepting the settlement of …
Persistent link: https://www.econbiz.de/10005170253
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Deterrence, Lawsuits and Litigation Outcomes under Agency Problems and Court Errors
Landeo, Claudia M.; Nikitin, Maxim - Econometric Society - 2004
Punitive damage awards have been widely criticized for their unpredictability (2004 Economic Report of the President) and for generating a plaintiff’s windfall (i.e., a payment in excess of the costs of pursuing the punitive claim), which promotes unnecessary litigation (Dodson, 2000),...
Persistent link: https://www.econbiz.de/10005699597