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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/10012299563
We consider ultimatum bargaining over the provision of a public good. Offer-maker and responder can delegate their …
Persistent link: https://www.econbiz.de/10013332120
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/10012244506
We construct game theoretic foundations for bargaining in the shadow of a trial. Plaintiff and defendant both have …
Persistent link: https://www.econbiz.de/10011509331
-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/10012156576
costlessly enforced. The costs of insecurity and the resultant conflict are, however, real and often economically significant. In … this paper, we examine how international trade regimes affect the costs of conflict and, in turn, how the desirability of … international trade is affected by these costs. We consider both domestic and international conflict. Trade openness reduces the …
Persistent link: https://www.econbiz.de/10013419262
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/10013358929
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/10010234524
based on neighborly recognition of borders could deliver a desired low-conflict situation if accompanied by an optional …
Persistent link: https://www.econbiz.de/10010371913
The extent of government deficits and debt has been one of the most debated issues in recent years. However, much less has been contributed about their dynamics. Yet, the issue of entering into and exiting from excessive deficits is critical in the Economic and Monetary Union since the Stability...
Persistent link: https://www.econbiz.de/10003857171