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Naked Exclusion : An Experimental Study of Contracts with Externalities
Landeo, Claudia M. - 2008
preferred equilibrium. Two-way non-binding pre-play communication among the buyers lowers the power of exclusive contracts and … induces more generous contract terms from the seller. When discrimination and communication are possible, the exclusion rate …
Persistent link: https://www.econbiz.de/10012464530
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Pre-Contractual Reliance
Bebchuk, Lucian Arye - 2001
During contractual negotiations, parties often make (reliance) expenditures that would increase the surplus should a contract be made. This paper analyzes decisions to invest in pre-contractual reliance under alternative legal regimes. Investments in reliance will be socially suboptimal in the...
Persistent link: https://www.econbiz.de/10012470489
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Contractual Rigidity and Political Contestability : Revisiting Public Contract Renegotiations
Beuve, Jean; Moszoro, Marian W.; Spiller, Pablo T. - National Bureau of Economic Research - 2021
We present a model of public procurement in which both contractual flexibility and political tolerance for contractual deviations determine renegotiations. In the model, contractual flexibility allows for adaptation without formal renegotiation while political tolerance for deviations decreases...
Persistent link: https://www.econbiz.de/10012482706
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Communication and Bargaining Breakdown : An Empirical Analysis
Backus, Matthew - 2020
information. Can a bargaining environment that facilitates or restricts communication alleviate these costs? We exploit a unique … platform introduced unstructured communication allowing buyers and sellers on the desktop version of the site, but not the …, using text analysis, that the dynamics are consistent with repeat players learning how to use communication in bargaining …
Persistent link: https://www.econbiz.de/10012482204
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Norms in Bargaining : Evidence from Government Formation in Spain
Fujiwara, Thomas - 2017
Theories of multilateral bargaining and coalition formation applied to legislatures predict that parties' seat shares determine their bargaining power. We present findings that are difficult to reconcile with this prediction. We use data from 2,898 municipal Spanish elections in which two...
Persistent link: https://www.econbiz.de/10012453576
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Judicial Politics and Sentencing Decisions
Cohen, Alma - 2018
This paper investigates whether judge political affiliation contributes to racial and gender disparities in sentencing using data on over 500,000 federal defendants linked to sentencing judge. Exploiting random case assignment, we find that Republican-appointed judges sentence black defendants...
Persistent link: https://www.econbiz.de/10012453103
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Punishment and Cooperation in Stochastic Social Dilemmas
Xiao, Erte - 2012
Previous findings on punishment have focused on environments in which the outcomes are known with certainty. In this paper, we conduct experiments to investigate how punishment affects cooperation in a two-person stochastic prisoner's dilemma environment where each person can decide whether or...
Persistent link: https://www.econbiz.de/10012460202
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Quantitative Models of Commercial Policy
Ossa, Ralph - 2016
What tariffs would countries impose if they did not have to fear any retaliation? What would occur if there was a complete breakdown of trade policy cooperation? What would be the outcome if countries engaged in fully efficient trade negotiations? And what would happen to trade policy...
Persistent link: https://www.econbiz.de/10012456612
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Institutional Drift, Property Rights, and Economic Development : Evidence from Historical Treaties
Feir, Donna; Gillezeau, Rob; Jones, Maggie - National Bureau of Economic Research - 2023
For nearly three centuries, Indigenous peoples within the borders of present-day Canada engaged in treaty-making with the British Crown and other European powers. These treaties regularly formed the colonial legal basis for access to Indigenous lands. However, treaties were not negotiated...
Persistent link: https://www.econbiz.de/10014372470
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Contracts with Interdependent Preferences
Ray, Debraj; Weretka, Marek - National Bureau of Economic Research - 2024
This paper studies contracting between a principal and multiple agents. The setup is classical except for the assumption that agents have interdependent preferences. We characterize cost effective contracts, and relate the direction of co-movement in rewards -- "joint liability" (positive) or...
Persistent link: https://www.econbiz.de/10014512144