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We analyze how the possibility of resale affects efficiency in multi-object uniform-price auctions with asymmetric …
Persistent link: https://www.econbiz.de/10011272701
We analyze the effects of resale through bargaining in multi-object uniform-price auctions with asymmetric bidders. The …
Persistent link: https://www.econbiz.de/10011112010
The application of Nash bargaining solution to profit division in negotiation between opencast lignite mine and power plant has been discussed. Different proposals of status quo point usage and ways of its determination for profit sharing both in strategic and tactical/operational negotiation...
Persistent link: https://www.econbiz.de/10005260247
I analyze a bilateral bargaining model with one-sided uncertainty about time preferences. The uninformed player has the option of halting the bargaining process to obtain additional information, when it is his turn to offer. For a wide class of preference settings, the uninformed player does not...
Persistent link: https://www.econbiz.de/10005836458
This paper introduces a model of sweet talk in which a seller may acquire verifiable information and selectively disclose it to a buyer to negotiate a deal. We start by analyzing a model with common priors in which the seller generates information for two reasons: a trading motive and a profit...
Persistent link: https://www.econbiz.de/10008472248
The President and the Senate bargain over the appointment of the Head of a key government department. The operating unit of the department has private information about its operating environment. We model the appointment process as a constrained delegation of policymaking to the operating unit...
Persistent link: https://www.econbiz.de/10005786952
The newest findings in analysis of bilateral monopoly (BM) of lignite opencast mine & power plant have been discussed. The determinism of optimal solution not only in quantity of lignite (the size and shape of the ultimate pit) but also in its price has been depicted. It has been proposed to...
Persistent link: https://www.econbiz.de/10005787000