Showing 1 - 10 of 428
Strikes, just as other types of conflict, used to be difficult to explain from an economic perspective. Initially, it …
Persistent link: https://www.econbiz.de/10012314907
bargaining models between unions and firms. While the Nash bargaining solution is unaffected by minimum wages below initially … bargained wages, we show that such minimum wages can drive up wages - and be harmful to employment - when bargaining follows the …
Persistent link: https://www.econbiz.de/10010270871
We analyse the two-dimensional Nash bargaining solution (NBS) deploying a standard labour market negotiations model … (McDonald and Solow, 1981). We show that the two-dimensional bargaining problem can be decomposed into two one … implications for actual negotiations, as it allows for the decomposition of a multi-dimensional bargaining problem into simpler …
Persistent link: https://www.econbiz.de/10012828121
such as race, gender, or ethnicity is much less acceptable. Why? I develop a simple rent-seeking model of conflict which is …
Persistent link: https://www.econbiz.de/10010264357
-contractible up-front investments to improve their bargaining position and gain advantage for possible future conflict. Bargaining is … player winning in Conflict is higher than the share received under Nash bargaining. We thus provide a rationale for conflict … efficient ex post, but we show that a player may prefer Conflict ex ante if there are sufficient asymmetries in strength. There …
Persistent link: https://www.econbiz.de/10012843431
We consider ultimatum bargaining over the provision of a public good. Offer-maker and responder can delegate their …
Persistent link: https://www.econbiz.de/10013353483
Strikes, just as other types of conflict, used to be difficult to explain from an economic perspective. Initially, it …
Persistent link: https://www.econbiz.de/10013315184
I revisit the Rubinstein (1982) model for the classic problem of price haggling and show that bargaining can become a … of fixed bargaining costs). Augmenting the protocol with unilateral exit options for responding bargainers generally …
Persistent link: https://www.econbiz.de/10013427689
I revisit the Rubinstein (1982) model for the classic problem of price haggling and show that bargaining can become a … of fixed bargaining costs). Augmenting the protocol with unilateral exit options for responding bargainers generally …
Persistent link: https://www.econbiz.de/10014077332
This paper defines economic slumps as sequences of structural breaks exhibiting a specific pattern. We identify 58 such episodes between 1950 and 2008 among 138 countries, and then examine the phases of decline and their duration. In some countries declines last extremely long, and we put...
Persistent link: https://www.econbiz.de/10010333418