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Market Power in Bilateral Oligopoly Markets with Nonexpandable Infrastructures

Funaki, Yukihiko; Houba, Harold; Motchenkova, Evgenia - Tinbergen Instituut - 2012

. Buyers exclusively trade with the supplier with whom they achieve maximal bilateral joint welfare. Prices equal marginal …

Persistent link: https://www.econbiz.de/10011255451

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 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/10011255513

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

Alternating Offers in Economic Environments

Houba, Harold - Tinbergen Instituut

This discussion paper resulted in an article in Economics Letters (2007). Vol. 96, pp. 316-324. 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...

Persistent link: https://www.econbiz.de/10011256390

Computing Alternating Offers and Water Prices in Bilateral River Basin Management

Houba, Harold - Tinbergen Instituut - 2006

This discussion paper resulted in an article in the International Game Theory Review (2008), 10, 257-278. This contribution deals with the fundamental critique in Dinar et al. (1992, Theory and Decision 32) on the use of Game theory in water management: People are reluctant to monetary transfers...

Persistent link: https://www.econbiz.de/10011257198

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

Perfect Equilibria in a Negotiation Model with Different Time Preferences

Houba, Harold; Wen, Quan - Tinbergen Instituut - 2006

There has been a long debate on equilibrium characterization in the negotiation model when players have different time preferences. We show that players behave quite differently under different time preferences than under common time preferences. Conventional analysis in this literature relies...

Persistent link: https://www.econbiz.de/10011257339

Extreme Equilibria in a General Negotiation Model

Houba, Harold; Wen, Quan - Tinbergen Instituut - 2007

See also 'Extreme equilibria in the negotiation model with different time preferences', Games and Economic Behavior (2011), Vol. 73, pp.507–516. We study a bargaining model with a disagreement game between offers and counteroffers. In order to characterize the set of its subgame perfect...

Persistent link: https://www.econbiz.de/10011257375

The Impact of Uncertainty on Investment: A Meta-Analysis

Koetse, Mark J.; Groot, Henri L.F. de; Florax, Raymond … - Tinbergen Instituut - 2006

In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since … investment research. For example, not including factor prices in investment models may seriously affect the model outco! mes … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ. …

Persistent link: https://www.econbiz.de/10011255622

Managing Sales Forecasters

Bruijn, Bert de; Franses, Philip Hans - Tinbergen Instituut - 2012

A Forecast Support System (FSS), which generates sales forecasts, is a sophisticated business analytical tool that can help to improve targeted business decisions. Many companies use such a tool, although at the same time they may allow managers to quote their own forecasts. These sales...

Persistent link: https://www.econbiz.de/10011256019

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