Showing 1 - 10 of 73
We study bargaining at the end of high-stakes poker tournaments, in which participants often negotiate a division of … the prize money rather than bear the risk of playing the game until the end. This setting is ideal for studying bargaining …: the stakes are substantial, there are no restrictions on the negotiations or the terms of a deal, outside options are …
Persistent link: https://www.econbiz.de/10005136675
procedures used in practice, namely a quasilinear scoring auction and negotiation. Specifically, we characterize an upper bound … to what a quasilinear scoring auction and negotiation can achieve, and compare the performance of these procedures … numerically. Quasilinear scoring auctions are able to extract a good proportion of the surplus from being strategic. Negotiation …
Persistent link: https://www.econbiz.de/10005123964
This paper considers price determination by monopolistic sellers who know the distribution of valuations among the potential buyers. We derive a novel condition under which the optimal price set by the monopolist is unique. In many settings, this condition is easy to interpret, and it is valid...
Persistent link: https://www.econbiz.de/10005789129
Public agencies rely on two key modes to procure goods and services: auctions and direct negotiations. The relative … passenger railway services in Germany, where regional agencies can use auctions and negotiations to procure regional passenger … legal framework. We first characterize the decisions of the agency in a simple reduced form framework of negotiations and …
Persistent link: https://www.econbiz.de/10009275960
-offer negotiations to a model schedule approach that sets ambitious objectives - ideally full national treatment for the major backbone …
Persistent link: https://www.econbiz.de/10005124100
negotiations, its increased bargaining power and its eventual incentives to follow the US defections. …
Persistent link: https://www.econbiz.de/10005124246
be derived from the recent outcomes of climate negotiations. Even though an equitable sharing of the costs of controlling …
Persistent link: https://www.econbiz.de/10005136584
if the buyer's bargaining position is sufficiently strong. Moreover, we show that negotiations provide stronger … post. We show that this is achieved by bilateral negotiations but not by auctions. Negotiations strictly outperforms … use of negotiations as a procurement mechanism in private industry. …
Persistent link: https://www.econbiz.de/10011096108
No international regime on climate change is going to be fully effective in controlling GHG emissions without the involvement of countries such as China, India, the United States, Australia, and possibly other developing countries. This highlights an unambiguous weakness of the Kyoto Protocol,...
Persistent link: https://www.econbiz.de/10005114398
and show how the induced game can be used to explain certain features of the wage negotiations for which the conciliation …
Persistent link: https://www.econbiz.de/10005666512