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Stochastic Orders of Proposing Players in Bargaining
Houba, Harold - Tinbergen Instituut - 2005
The bargaining model with stochastic order of proposing players is properly embedded in continuous time and it is … the Nash bargaining solution of a modified bargaining problem and the Maximum Theorem implies convergence to the Nash … bargaining solution when time between proposals vanishes. The model unifies alternating offers, one-sided offers and random …
Persistent link: https://www.econbiz.de/10011255513
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Costless Delay in Negotiations
Herings, P. Jean-Jacques; Houba, Harold - Tinbergen Instituut - 2015
We study strategic negotiation models featuring costless delay, general recognition procedures, endogenous voting orders, and finite sets of alternatives. Two examples show: 1. non-existence of stationary subgame-perfect equilibrium (SSPE). 2. the recursive equations and optimality conditions...
Persistent link: https://www.econbiz.de/10011255692
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Alternating Offers in Economic Environments
Houba, Harold - Tinbergen Instituut
bargaining solution of a modified bargaining problem in the contract space yields the pair of stationary subgame perfect … the Nash bargaining solution is immediate by the Maximum Theorem. Numerical implementation in standard optimization …
Persistent link: https://www.econbiz.de/10011256390
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Preopening and Equilibrium Selection
Calcagno, Riccardo; Lovo, Stefano - Tinbergen Instituut - 2010
We introduce a form of pre-play communication that we call "preopening". During the preopening, players announce their tentative actions to be played in the underlying game. Announcements are made using a posting system which is subject to stochastic failures. Posted actions are publicly...
Persistent link: https://www.econbiz.de/10011257235
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Perfect Equilibria in a Negotiation Model with Different Time Preferences
Houba, Harold; Wen, Quan - Tinbergen Instituut - 2006
bargaining frontier. However, when players have different time preferences, intertemporal trade may lead to continuation payoffs … above the bargaining frontier. We provide a thorough study of this problem without imposing the conventional assumption. Our …
Persistent link: https://www.econbiz.de/10011257339
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Extreme Equilibria in a General Negotiation Model
Houba, Harold; Wen, Quan - Tinbergen Instituut - 2007
</I> (2011), Vol. 73, pp.507–516.<P> We study a bargaining model with a disagreement game between offers and counteroffers. In …
Persistent link: https://www.econbiz.de/10011257375
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Capacity Choice of Dams under Rivalry Use and Externalities
Houba, Harold; Do, Kim Hang Pham; Zhu, Xueqin - Tinbergen Instituut - 2014
This paper studies the relation between optimal dam capacity and water management under rivalry uses and externalities. We extend the hydropower generation model, based on Haddad (2011), by including the competing use of water resource, non-linear building cost of dam capacity and externalities...
Persistent link: https://www.econbiz.de/10011257002
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On Hierarchies and Communication
Brink, René van den - Tinbergen Instituut - 2006
This discussion paper resulted in a publication in 'Social Choice and Welfare', 2012, 39, 721-735. <P> Many economic organizations have some relational structure, meaning that economic agents do not only differ with respect to certain individual characteristics such as wealth and preferences, but...</p>
Persistent link: https://www.econbiz.de/10011256206
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The Great Divergence: A Network Approach
Lindner, Ines; Strulik, Holger - Tinbergen Instituut - 2014
We present a multi-country theory of economic growth in which countries are connected by a network of mutual knowledge … industrial revolution. Knowledge diffusion through a Small World network produces an extraordinary diversity of individual growth …
Persistent link: https://www.econbiz.de/10011256592
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Independence Axioms for Water Allocation
Brink, Rene van den; Estevez-Fernandez, Arantza; Laan, … - Tinbergen Instituut - 2011
This discussion paper led to the article with the same title in 'Social Choice and Welfare' (2014), 43, 173-194.<P> We consider the problem of sharing water among agents located along a river. Each agent has quasi-linear preferences over river water and money, where the benefit of consuming an...</p>
Persistent link: https://www.econbiz.de/10011255637