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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 …
Persistent link: https://www.econbiz.de/10013085276
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Potentially Harmful International Cooperation on Global Public Good Provision
Buchholz, Wolfgang; Cornes, Richard C.; Rübbelke, Dirk … - 2021
Recent international climate negotiations suggest that complete agreements are unlikely to materialize. Instead, partial cooperation between like-minded countries appears a more likely outcome. In this paper we analyze the effects of such partial cooperation between like-minded countries. In...
Persistent link: https://www.econbiz.de/10013315882
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Incomplete Contracting, Renegotiation, and Expectation-Based Loss Aversion
Herweg, Fabian; Karle, Heiko; Müller, Daniel - 2021
We consider a simple trading relationship between an expectation-based loss-averse buyer and profit-maximizing sellers. When writing a long-term contract the parties have to rely on renegotiations in order to ensure materially efficient trade ex post. The type of the concluded long-term contract...
Persistent link: https://www.econbiz.de/10013315622
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A Stochastic Multiple Players Multi-Issues Bargaining Model for the Piave River Basin
Sgobbi, Alessandra; Carraro, Carlo - 2021
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/10013316631
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Justifying the Lindahl Solution as an Outcome of Fair Cooperation
Buchholz, Wolfgang; Peters, Wolfgang - 2021
The Lindahl equilibrium is mostly motivated by a rather artificial price mechanism. Even though the analogy to a competitive market has been emphasised by Lindahl himself his approach does not directly explain the normative ideas, which are behind this concept. In the present paper we therefore...
Persistent link: https://www.econbiz.de/10013318275
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Wage and Employment Effects of Non-Binding Minimum Wages
Dittrich, Marcus; Knabe, Andreas - CESifo - 2010
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/10008511593
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Reforming Legislatures: Is one House better than two?
Facchini, Giovanni; Testa, Cecilia - CESifo - 2009
constitutional reforms. In a setting where lawmakers interact with a lobby through a bargaining process and with voters by means of … elections, we show that when time constraints are binding, bicameralism might lead to a decline in the legislator's bargaining …
Persistent link: https://www.econbiz.de/10004979403
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The Taxation of Bilateral Trade with Endogenous Information
Dang, Tri Vi; Morath, Florian - CESifo - 2015
show that a profit tax and a transaction tax have opposite implications for equilibrium outcome in bargaining. A marginal …
Persistent link: https://www.econbiz.de/10011120474
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Wage and Employment Effects of Non-Binding Minimum Wages
Dittrich, Marcus - 2010
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/10013139416
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Competing with Asking Prices
Lester, Benjamin R. - 2016
In many markets, sellers advertise their good with an asking price. This is a price at which the seller will take his good off the market and trade immediately, though it is understood that a buyer can submit an offer below the asking price and that this offer may be accepted if the seller...
Persistent link: https://www.econbiz.de/10012986936