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indices, both institutions are assumed to act strategically. Predicted bargaining outcomes of the crucial Conciliation stage …
Persistent link: https://www.econbiz.de/10010261094
Traditional power indices ignore preferences and strategic interaction. Equilibrium analysis of particular non-cooperative decision procedures is unsuitable for normative analysis and assumes typically unavailable information. These points drive a lingering debate about the right approach to...
Persistent link: https://www.econbiz.de/10010315462
Keynes' General Theory (1936) is arguably one of the most important books of the twentieth century. His ideas for stabilizing the aggregate economy have profoundly influenced economic theory as well as popular opinion about what governments can and should do with respect to the business cycle....
Persistent link: https://www.econbiz.de/10010316008
In a recent paper, Alipranti et al. (2014, Price vs. quantity competition in a vertically related market, Economics Letters, 124: 122-126) show that in a vertically related market Cournot competition yields higher social welfare compared to Bertrand competition if the upstream firm subsidises...
Persistent link: https://www.econbiz.de/10011584921
Although reciprocity is a key concept in the social sciences, it is still unclear why people engage in costly reciprocation. In this study, physiological and self-report measures were employed to investigate the role of emotions, using the Power-to-Take Game. In this 2-person game, player 1 can...
Persistent link: https://www.econbiz.de/10010261278
and competitiveness? To answer these questions, we formulate a theoretical model of wage bargaining in an open economy and …
Persistent link: https://www.econbiz.de/10010261405
increases competition between the contestants, leading to higher total contest effort, unless the ex-post bargaining strength of …
Persistent link: https://www.econbiz.de/10010261411
ultimately not formed. Articulation of hypothetical outside options in the bargaining process determines the relative bargaining …
Persistent link: https://www.econbiz.de/10010261418
The objective of this paper is to investigate the usefulness of non-cooperative bargaining theory for the analysis of … multilateral, multiple issues, non-cooperative bargaining model of water allocation in the Piave River Basin, in the North East of … problem and conduct comparative static analyses to assess sources of bargaining power. Finally, we explore the implications of …
Persistent link: https://www.econbiz.de/10010264274
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