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Reaching Market Equilibrium Merely by Bilateral Barters
Flam, Sjur Didrik - 2013
Motivated by emission and resource markets, this paper considers repeated, bilateral barters between owners of commodity bundles, contingent claims, or property rights. Focus is on feasible, voluntary exchanges, driven only by differences in substitution rates. No coordination is ever needed....
Persistent link: https://www.econbiz.de/10013071386
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Digital Piracy : Theory
Belleflamme, Paul; Peitz, Martin - 2021
This article reviews recent theoretical contributions on digital piracy. It starts by elaborating on the reasons for intellectual property protection, by reporting a few facts about copyright protection, and by examining reasons to become a digital pirate. Next, it provides an exploration of the...
Persistent link: https://www.econbiz.de/10013316143
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Barter, Liquidity and Market Segmentation
Prendergast, Canice; Stole, Lars - CESifo - 2001
This paper explores the private and social benefits from barter exchange in a monetized economy. We first prove a no …
Persistent link: https://www.econbiz.de/10005765768
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Disorganization and Financial Collapse
Marin, Dalia; Schnitzer, Monika - CESifo - 2000
alleviate the hold-up problem. We argue further that barter creates a hostage which allows to deal with disorganization when …, inter-firms arrears and barter in transition economies are connected. Based on a survey of 165 barter deals in the Ukraine … shortage the financial shortage and barter have each an important effect on output growth. …
Persistent link: https://www.econbiz.de/10005181229
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Wage and Employment Effects of Non-Binding Minimum Wages
Dittrich, Marcus - 2010
Common wisdom holds that the introduction of a non-binding minimum wage is irrelevant for actual wages and employment. Empirical and experimental research, however, has shown that the introduction of a minimum wage can raise even those wages that were already above the new minimum wage. In this...
Persistent link: https://www.econbiz.de/10013139416
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Bargaining with Two-Person-Groups - On the Insignificance of the Patient Partner
Kirchkamp, Oliver - 2013
Although many real bargaining situations involve more than two people, much of the theoretical and experimental research concentrates on the two player situation. We study the simplest possible extension: four people (two two-person groups) of different patience bargain with each other....
Persistent link: https://www.econbiz.de/10013085276
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Loss Aversion and Ex Post Inefficient Renegotiation
Herweg, Fabian - 2013
We propose a theory of ex post inefficient renegotiation that is based on loss aversion. When two parties write a long-term contract that has to be renegotiated after the realization of the state of the world, they take the initial contract as a reference point to which they compare gains and...
Persistent link: https://www.econbiz.de/10013089184
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Matching on Bipartite Graphs
Gersbach, Hans - 2015
We study stable matchings on exogenously given or endogenously formed bipartite graphs that reflect constraints on matching. The effects of a change of the exogenously given graph (constraints) are investigated. Specifically, we examine to what extent individuals gain or lose from relaxing...
Persistent link: https://www.econbiz.de/10013011643
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Thanks But No Thanks : A New Policy to Reduce Land Conflict
Dufwenberg, Martin - 2014
Land conflicts in developing countries are costly. An important policy goal is to create respect for borders. This often involves mandatory, expensive interventions. We propose a new policy design, which in theory promotes neighborly relations at low cost. A salient feature is the option to...
Persistent link: https://www.econbiz.de/10013051270
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The Roommate Problem is More Stable than You Think
Chiappori, Pierre-Andre - 2014
Stable matchings may fail to exist in the roommate matching problem, both when utility is transferable and when it is not. We show that when utility is transferable, the existence of a stable matching is restored when there is an even number of individuals of indistinguishable characteristics...
Persistent link: https://www.econbiz.de/10013056822