Showing 1 - 10 of 18
Buyers are typically unaware of the full set of offers when making a purchase. This paper examines how international trade interacts with this problem of market intransparency. Sellers must communicate their offers through costly advertising, but cannot reach all buyers. Consequently, no market...
Persistent link: https://www.econbiz.de/10010635068
In a dynamic general equilibrium model with endogenous markups and labor market frictions, we investigate the effects of increased product market competition. Unlike most macroeconomic models of search, we endogenize the labor supply along the extensive margin. We show that beneficial effects in...
Persistent link: https://www.econbiz.de/10009004178
The sale of ideas (e.g. through licensing) facilitates vertical specialization and the division of labor between research and development. This specialization can improve the overall efficiency of the innovative process. However, these gains depend on the timing of the sale: the buyer of an idea...
Persistent link: https://www.econbiz.de/10009368491
This note proposes an example which contradicts the idea that similar countries will negotiate an agreement on a uniform standard. It shows that strictly identical countries may have an interest in reducing their emissions differently, and not in a uniform way. This result relies on the...
Persistent link: https://www.econbiz.de/10010750373
In a simple public good economy, we propose a natural bargaining procedure whose equilibria converge to Lindahl … allocations as the cost of bargaining vanishes. The procedure splits the decision over the allocation in a decision about …
Persistent link: https://www.econbiz.de/10010750409
This paper presents an experiment performed to test the properties of an innovativebargaining mechanism (called automated negotiation) used to resolve disputes arising fromInternet-based transactions. The main result shows that the settlement rule tends to chillbargaining as it creates...
Persistent link: https://www.econbiz.de/10010750512
This paper studies the link between the design of international environmental agreements and the incentives for the private sector to invest in cleaner technologies. More specifically, it compares the performance, in the Paretoo sense, of two types of agreement : an agreement on a uniform...
Persistent link: https://www.econbiz.de/10010750555
, we use a negotiation game and the Nash bargaining solution as equilibrium. On the one hand, we remark that the argument …
Persistent link: https://www.econbiz.de/10010750872
-competitive phenomenon, I construct a bargaining model and estimate it empirically using a smaller but very detailed matched employer … bargaining power and with the amount of quasi-rents per worker available in the firms they organize. These predictions are … proxy for the unions' bargaining power. All the results remain valid when I control for the firm-level workers' average …
Persistent link: https://www.econbiz.de/10010739134
International agreements about transnational issues are difficult to reach, as the examples of the Copenhagen summit or the never-ending discussions of the future of the European Union make clear. In this paper, we relate this difficulty to the political process and the conflicts of interest...
Persistent link: https://www.econbiz.de/10010603649