Showing 1 - 10 of 497
search and bargaining. We compute explicitly the prices at which investors trade with each other as well as marketmakers' bid …
Persistent link: https://www.econbiz.de/10012467873
This paper develops and estimates a search and bargaining model designed to measure the welfare loss associated with … matching, and the remainder with the search cost …
Persistent link: https://www.econbiz.de/10012458769
We study an over-the-counter (OTC) market with bilateral meetings and bargaining where the usefulness of assets, as …
Persistent link: https://www.econbiz.de/10012461157
We extend Duffie, Garleanu, and Pedersen's (2005) search-theoretic model of over-the-counter asset markets, allowing for a decentralized inter-dealer market with arbitrary heterogeneity in dealers' valuations or inventory costs. We develop a solution technique that makes the model fully...
Persistent link: https://www.econbiz.de/10012480609
We study a search and bargaining model of an asset market, where investors' heterogeneous valuations for the asset are …
Persistent link: https://www.econbiz.de/10012457920
conditions, raise social surplus by increasing the volume of beneficial trade, facilitating more efficient matching between …
Persistent link: https://www.econbiz.de/10012458045
negotiations, comparing developed-developing country bargaining only on trade policy with joint bargaining on both trade and … through leverage in bargaining, whereby developed countries can use trade policy threats to achieve improved developing … developed countries. We use a global numerical simulation model to compute bargaining outcomes from linked trade and environment …
Persistent link: https://www.econbiz.de/10012472594
This paper reviews the history of bilateral trade negotiations between Taiwan and the U.S. The question posed at the … negative answer. Bilateral negotiations for market opening with the threat of unilateral trade sanctions (such as Section 301 … areas where U.S. domestic interests are homogeneous and concentrated. Even in the case of tariff negotiations where any …
Persistent link: https://www.econbiz.de/10012473546
Which is the more profitable way to sell a company: a public auction or an optimally structured negotiation with a smaller number of bidders? We show that under standard assumptions the public auction is always preferable, even if it forfeits all the seller's negotiating power, including the...
Persistent link: https://www.econbiz.de/10012474326
, if the debtor country is unable to meet debt obligations, a bargaining regime determines the amount of debt repayment. In … the bargaining game will therefore be dependent (among other things) on the level of production in the debtor country. In … this framework, the paper shows that productive investment may increase or decrease the bargaining power of the debtor …
Persistent link: https://www.econbiz.de/10012476029