Showing 1 - 10 of 412
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
Although many real bargaining situations involve more than two people, much of the theoretical and experimental …, that the impact of the patient member can be quite small. -- bargaining experiment ; heterogeneous group members …
Persistent link: https://www.econbiz.de/10009721994
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
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
Long-term unemployment reached unprecedented levels in Spain in the wake of the Great Recession and it still affects around 57% of the unemployed. We document the sources that contributed to the rise in long-term unemployment and analyze its persistence using state-of-the-art duration models. We...
Persistent link: https://www.econbiz.de/10011602757
Wars of conquest and wars of independence are characterized by an asymmetric payoff structure: one party gets aggregate production if it wins, and its own production if it loses, while the other party gets only its own production if it wins, and nothing if it loses. We study a model of war with...
Persistent link: https://www.econbiz.de/10009754525