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Moral hazard and bargaining over incentive contracts
Dittrich, Marcus; Städter, Silvio - 2014
This paper analyses bargaining over an incentive compatible contract in a moral hazard framework. We introduce the Kalai-Smorodinsky bargaining solution and compare the outcome with the commonly applied Nash solution. Whether worker's effort is higher in the Nash or the Kalai-Smorodinsky...
Persistent link: https://www.econbiz.de/10010388771
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Centralised labour market negotiations
Müller, Julia; Bayındır-Upmann, Thorsten - 2013
This paper contributes to the analysis of central vs. decentral (firm-level) labour market negotiations. We argue that … during negotiations on a central scale employers and employees plausibly take output market effects into account, while they … behave competitively during firm-level negotiations. Assuming that in both cases the labour market conflict is settled …
Persistent link: https://www.econbiz.de/10010210111
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Pledge-and-review bargaining
Harstad, Bård - 2018
Real-world negotiations differ fundamentally from existing bargaining theory. Inspired by the Paris Agreement on …
Persistent link: https://www.econbiz.de/10011924561
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Relational contracts and trust in a high-tech industry
Calzolari, Giacomo; Felli, Leonardo; Koenen, Johannes; … - 2021
We study how informal buyer-supplier relationships in the German automotive industry affect procurement. Using unique data from a survey focusing on these, we show that more trust, the belief that the trading partner acts to maintain the mutual relationship, is associated with both higher...
Persistent link: https://www.econbiz.de/10012649766
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Trust, investment and competition : theory and evidence from German car manufacturers
Calzolari, Giacomo; Felli, Leonardo; Koenen, Johannes; … - 2019
Based on data from a comprehensive benchmarking study on buyer-supplier relationships in the German automotive industry, we show that more trust in a relationship is associated with higher idiosyncratic investment by suppliers and better part quality - but also with more competition among...
Persistent link: https://www.econbiz.de/10012026390
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Trust and complexity in vertical relationships
Calzolari, Giacomo; Felli, Leonardo; Koenen, Johannes; … - 2024
We investigate the role of mutual trust in long-term vertical relationships involving trades of complex goods. High complexity is associated with high contract incompleteness and hence the increased relevance of trust-based relational contracts. Contrary to expectations, we find that changes in...
Persistent link: https://www.econbiz.de/10014556693
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Hanging together or being hung separately : the strategic power of coalitions where bargaining occurs with incomplete information
Konrad, Kai A.; Cusack, Thomas R. - 2013
group in comparison to fully decentralized negotiations, particularly if the objectives of the members of the coalition …
Persistent link: https://www.econbiz.de/10009691706
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The inter-institutional distribution of power in EU codecision
Napel, Stefan (contributor); Widgrén, Mika (contributor) - 2004
This paper analyzes the a priori influence of the European Parliament (EP) and the Council of Ministers (CM) on legislation of the European Union adopted under its codecision procedure. In contrast to studies which use conventional power indices, both institutions are assumed to act...
Persistent link: https://www.econbiz.de/10002521708
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Legislative malapportionment and the politicization of Germany's intergovernmental transfer system
Pitlik, Hans (contributor); Schneider, Friedrich (contributor) - 2005
Legislative bargaining theory suggests that fiscal transfers among member states of a federation are determined to a substantial degree by political bargaining powers. Malapportionment of the states' population in the legislature is claimed to lead to disproportionally higher benefits to...
Persistent link: https://www.econbiz.de/10002746112
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Negotiating to avoid "gradual" versus "dangerous" climate change : an experimental test of two prisoners' dilemmas
Barrett, Scott; Dannenberg, Astrid - 2014
According to the Framework Convention on Climate Change, global collective action is needed to stabilize "greenhouse gas concentrations in the atmosphere at a level that would prevent dangerous [our emphasis] anthropogenic interference with the climate system." The Framework Convention thus...
Persistent link: https://www.econbiz.de/10010229864