Showing 1 - 10 of 11
We examine the causal effect of commuting distance on workers' wages in a quasi-natural experiments setting using information on all workers in Denmark. We account for endogeneity of distance by using changes in distance that are due to firms' relocations. For the range of commuting distances...
Persistent link: https://www.econbiz.de/10008838572
The Nash bargaining solution of a modified bargaining problem in the contract space yields the pair of stationary subgame perfect equilibrium proposals in the alternating offers model, also for positive time between proposals. As time vanishes, convergence to the Nash bargaining solution is...
Persistent link: https://www.econbiz.de/10005209433
The bargaining model with stochastic order of proposing players is properly embedded in continuous time and it is strategically equivalent to the alternating offers model. For all parameter values, the pair of equilibrium proposals corresponds to the Nash bargaining solution of a modified...
Persistent link: https://www.econbiz.de/10005209487
There has been a long debate on equilibrium characterization in the negotiation model when players have different time …
Persistent link: https://www.econbiz.de/10005144464
We study a bargaining model with a disagreement game between offers and counteroffers. In order to characterize the set of its subgame perfect equilibrium payoffs, we provide a recursive technique that relies on the Pareto frontier of equilibrium payoffs. When players have different time...
Persistent link: https://www.econbiz.de/10005137155
requires not only mutual trust, like simple exchange, but also a substantial degree of coordination. We examine whether players …
Persistent link: https://www.econbiz.de/10005209458
paper, Knack and Keefer (1997) assess the effect of trust on growth. This paper analyses the robustness of their results … the relationship between trust and growth in terms of both the size and the significance of the estimated effect, is … highly dependent on the set of conditioning variables. An answer to the question whether there is an economic payoff of trust …
Persistent link: https://www.econbiz.de/10005136946
for employees to work in co-ethnic firms. It argues that strong social networks and related high intra-group trust …
Persistent link: https://www.econbiz.de/10005137251
suggest. Trust between trading partners lowers transaction costs and may therefore enhance trade. The empirical analysis of … this paper shows that more trust leads to more trade so that part of the "mystery of missing trade" can be attributed to … the lack of trust between trading partners, e.g. because of cultural differences and habits, or because of insufficient …
Persistent link: https://www.econbiz.de/10005137372
This paper empirically explores relations between network positions in knowledge networks and trust. In social network … different dimensions of trust. In this paper we estimate effects of closure positions on two dimensions of trust (trust in … abilities and trust in intentions). The closure argument emphasizes that dense network structures enforce individuals to be …
Persistent link: https://www.econbiz.de/10005281824