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Policy Coordination Under Model Disagreement and Uncertainty
Hefeker, Carsten - 2019
What are the incentives for governments to coordinate their policies internationally when there is model disagreement and uncertainty? We build a model where countries disagree on policy targets and how policies affect the economies, and show that uncertainty not only determines the type of...
Persistent link: https://www.econbiz.de/10012892108
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The Better Route to Global Tax Coordination : Gradualism or Multilateralism?
Konrad, Kai A. - 2019
lead to bargaining failure and might explain a lack of observed coordination. We consider international negotiations about … tax coordination under complete and incomplete information. We identify the conditions for multilateral negotiations to be … bargaining. Under plausible conditions, full-scale global coordination is least likely to emerge if the negotiations take place …
Persistent link: https://www.econbiz.de/10012892184
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Designing the Policy Mix in a Monetary Union
Kempf, Hubert - 2020
This paper studies the design of the policy mix in a monetary union, that is, the institutional arrangement specifying the relationships between the various policymakers present in the union and the extent of their capacity of action. It is assumed that policymakers do not cooperate. Detailing...
Persistent link: https://www.econbiz.de/10012832189
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Optimal Policy Under Dollar Pricing
Egorov, Konstantin - 2020
Recent empirical evidence shows that most international prices are sticky in dollars. This paper studies the optimal policy implications of this fact in the context of an open economy model, allowing for an arbitrary structure of asset markets, general preferences and technologies, time-or...
Persistent link: https://www.econbiz.de/10012834360
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Auctions vs. negotiations: The case of favoritism
Gretschko, Vitali; Wambach, Achim - 2012
We compare two commonly used mechanisms in procurement: auctions and negotiations. The execution of the procurement …
Persistent link: https://www.econbiz.de/10010291548
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Under/Over-Investment and Early Renegotiation in Public-Private Partnerships
Danau, Daniel - 2019
We consider a public-private partnership in an infrastructure project, which requires specialised expertise during the construction stage for the infrastructure to operationalise. This entails that, after an investment is made to begin building the infrastructure, its construction is completed...
Persistent link: https://www.econbiz.de/10012860529
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Gender Differences in Wage Expectations : Sorting, Children, and Negotiation Styles
Kießling, Lukas - 2019
This paper presents evidence from a large-scale study on gender differences in expected wages before labor market entry. Based on data for over 15,000 students, we document a significant and large gender gap in wage expectations that closely resembles actual wage differences, prevails across...
Persistent link: https://www.econbiz.de/10012861444
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Race Meets Bargaining in Product Development
Karagözoğlu, Emin - 2020
We introduce a model of product development in a firm. Our model describes the process as a multi-stage contest (i.e., race) with an endogenous length (with one stage or two stages) between two workers. We model the payments to workers from the new product using the normatively appealing Nash...
Persistent link: https://www.econbiz.de/10012841137
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Bargaining with Intertemporal Maximin Payoffs
Martinet, Vincent - 2019
bargaining theory and mechanisms. We define a framework accounting for the economic environment, which specifies how the set of …
Persistent link: https://www.econbiz.de/10012892119
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Does Pre-Play Social Interaction Improve Negotiation Outcomes?
Brañas-Garza, Pablo - 2019
We study experimentally the impact of pre-play social interactions on negotiations. These interactions are often …
Persistent link: https://www.econbiz.de/10012892146