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Self-Serving Use of Equity Rules in Bargaining with Asymmetric Outside Options
Hennig-Schmidt, Heike; Irlenbusch, Bernd; Rilke, Rainer … - Institute for the Study of Labor (IZA) - 2013
We experimentally investigate multiple notions of equity in ultimatum bargaining with asymmetric outside options. Building on the generalized equity principle formulated by Selten (1978), we derive three different equity rules that can explain 43% of all offers. Our within-subject design further...
Persistent link: https://www.econbiz.de/10010884149
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Does Bargaining Matter in the Small Firm Matching Model?
L'Haridon, Olivier; Malherbet, Franck; Pérez-Duarte, … - Institute for the Study of Labor (IZA) - 2010
In this article, we use a stylized model of the labor market to investigate the effects of three alternative and well-known bargaining solutions. We apply the Nash, the Egalitarian and the Kalai-Smorodinsky bargaining solutions in the small firm’s matching model of unemployment. To the best of...
Persistent link: https://www.econbiz.de/10008564709
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Learning from a Piece of Pie: The Empirical Content of Nash Bargaining
Chiappori, Pierre-André; Donni, Olivier - Institute for the Study of Labor (IZA) - 2006
Consider a model of bargaining, in which two players, 1 and 2, share a pie of size y. The bargaining environment is described by a set of parameters ? that may affect agents’ preferences over the agreement sharing, the status quo outcome, or both. The outcomes (i.e., whether an agreement is...
Persistent link: https://www.econbiz.de/10005233879
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Telling the Truth May Not Pay Off: An Empirical Study of Centralised University Admissions in Germany
Braun, Sebastian; Kübler, Dorothea; Dwenger, Nadja - Institute for the Study of Labor (IZA) - 2007
We investigate the matching algorithm used by the German central clearinghouse for university admissions (ZVS) in medicine and related subjects. This mechanism consists of three procedures based on final grades from school ("Abiturbestenverfahren", "Auswahlverfahren der Hochschulen") and on...
Persistent link: https://www.econbiz.de/10005822191
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Dynamics of Intrahousehold Bargaining
Andaluz, Joaquín; Marcén, Miriam; Molina, José Alberto - Institute for the Study of Labor (IZA) - 2008
This paper studies the dynamics of bargaining in an intrahousehold context. To explore long-term partner relationships, we analyse bilateral bargaining by considering that spouses take decisions sequentially. We conclude that a greater valuation of the present, rather than the future, for the...
Persistent link: https://www.econbiz.de/10005822573
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Is the Collective Model of Labor Supply Useful for Tax Policy Analysis? A Simulation Exercise
Bargain, Olivier; Moreau, Nicolas - Institute for the Study of Labor (IZA) - 2005
The literature on household behavior contains hardly any empirical research on the withinhousehold distributional effect of tax-benefit policies. We simulate this effect in the framework of a collective model of labor supply when shifting from a joint to an individual taxation system in France....
Persistent link: https://www.econbiz.de/10005822667
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Cooperative Models in Action: Simulation of a Nash-Bargaining Model of Household Labor Supply with Taxation
Bargain, Olivier; Moreau, Nicolas - Institute for the Study of Labor (IZA) - 2005
Several theoretical contributions, starting with McElroy and Horney (1981) and Manser and Brown (1980), have suggested to model household behavior as a Nash-bargaining game. Since then, very few attempts have been made to operationalize cooperative models of household labor supply for policy...
Persistent link: https://www.econbiz.de/10005822886
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The Economics of First-Contract Mediation
Dobbelaere, Sabien; Luttens, Roland Iwan - Institute for the Study of Labor (IZA) - 2013
efficient and proves immune to the insider-outsider problem of underhiring. We also demonstrate that equilibrium wages and …
Persistent link: https://www.econbiz.de/10010685860
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Experimental Games on Networks: Underpinnings of Behavior and Equilibrium Selection
Charness, Gary; Feri, Francesco; Meléndez-Jiménez, … - Institute for the Study of Labor (IZA) - 2014
network structure and we examine equilibrium selection. Specifically, actions are either strategic substitutes or strategic … wide variety of settings. The degree of equilibrium play is striking, in particular with incomplete information. Behavior … closely resembles the theoretical equilibrium whenever this is unique; when there are multiple equilibria, general features of …
Persistent link: https://www.econbiz.de/10011086477
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Collective Bargaining under Non-Binding Contracts
Dobbelaere, Sabien; Luttens, Roland Iwan - Institute for the Study of Labor (IZA) - 2011
wages in a non-binding contract setting. Our main result is the equivalence between the non-binding collective equilibrium … wage-employment contract and the equilibrium contract under binding risk-neutral efficient bargaining. We also demonstrate … that our non-cooperative equilibrium wages and profits coincide with the Owen values of the corresponding cooperative game …
Persistent link: https://www.econbiz.de/10008839296