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The goal of this paper is to examine the role of multiproduct firms in the market provision of product diversity. The analysis is conducted within the spatial model of nonlocalized competition proposed by Chen and Riordan (2006). It turns out that the effect of multiproduct firms on product...
Persistent link: https://www.econbiz.de/10005123835
In this paper we address the following question: To what extent is the hypothesis that voters vote sincerely testable or falsifiable? We show that using data only on how individuals vote in a single election, the hypothesis that voters vote sincerely is irrefutable, regardless of the number of...
Persistent link: https://www.econbiz.de/10005662163
, pricing, bundling, and input market bargaining using data on ratings, purchases, prices, bundles, and input costs. We conduct …
Persistent link: https://www.econbiz.de/10009001064
full-commitment payoff. Under seller-offer bargaining, any positive degree of projection implies a full reversal of the … limit, extracts the full surplus from trade. Dynamic bargaining without price-commitment is revenue-optimal. Existing …
Persistent link: https://www.econbiz.de/10011168901
A team must select among competing projects that differ in their payoff consequences for its members. Each agent chooses a project and exerts costly effort affecting its random completion time. When one or more projects are complete, agents bargain over which one to implement. A consensus...
Persistent link: https://www.econbiz.de/10011083881
This paper studies a dynamic bargaining model with informational externalities between bargaining pairs. Two principals …
Persistent link: https://www.econbiz.de/10011083946
-effects; the other focusing on bargaining-effects. Motivated by scarce theoretical scholarship spanning these literatures, we nest …-border merger activity, we predict that ‘bargaining’ (‘spillover’) effects are relatively more dominant under high (low …
Persistent link: https://www.econbiz.de/10011083984
Two groups of voters of known sizes disagree over a single binary decision to be taken by simple majority. Individuals have different, privately observed intensities of preferences and before voting can buy or sell votes among themselves for money. We study the implication of such trading for...
Persistent link: https://www.econbiz.de/10011084134
bargaining among alternative candidates. We allow for firm asymmetries and, in particular, we emphasize the fact that potential …. Such bargaining failures have important implications for the ex-ante optimal merger policy. We show that a more stringent … policy than the ex-post optimal reduces the scope of these bargaining failures and raises expected consumer surplus. We use a …
Persistent link: https://www.econbiz.de/10011084187
collaborate after non-contractible investments have been made. Most contributions apply the regular Nash bargaining solution. We … explore the implications of using the generalized Nash bargaining solution. A prominent finding regarding the suboptimality of … to give ownership to a party whose investments are less productive, provided that this party's ex-post bargaining power …
Persistent link: https://www.econbiz.de/10011084329