Manzini, Paola; Ponsatí, Clara - Institute for the Study of Labor (IZA) - 2001
We study bilateral bargaining problems with interested third parties, the stakeholders that enjoy benefits upon a … potential willingness of the stakeholder to make contributions to promote agreement may be the source of severe inefficiency …. However, and more surprisingly, for a wide range of parameter values this outcome is better for the stakeholder than if he …