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and information asymmetry is modelled. A repeated investment-production game with coordinator commitment in supplier …-up problem on the investment cost observed by the supplier and an instrument for truthful revelation of private information by …'s investment addresses the information sharing and asset- specific investment problem. We provide a mitigation of the hold …
Persistent link: https://www.econbiz.de/10008836141
We introduce labor contracts, in a framework of optimal redistribution: firms have some local market power and try to discriminate among heterogeneous workers. In this setting we show that if the firms have perfect information, i.e, they perfectly discriminate against workers and take all the...
Persistent link: https://www.econbiz.de/10005043481
The objective of the paper is to analyze the formation of social networks where individuals are allowed to engage in several groups at the same time. These group structures are interpreted here as social networks. Each group is supposed to have specific rules or constitutions governing which...
Persistent link: https://www.econbiz.de/10010927716
This paper attempts to give a rationale to public announcements, so often observed in the real world, and to formalize the idea that they can be used as a form of equilibrium selection device when multiple equilibria arise. It also shows how announcements solve the problems of coordination...
Persistent link: https://www.econbiz.de/10008550186
We develop a two-stage negotiation model to study the impact of costly inspections on both the coalition formation outcome and the per-member payoffs. In the first stage, the players are forming coalitions and inside each coalition formed the members share the coalition benefits. We adopt the...
Persistent link: https://www.econbiz.de/10005008327
This paper deals with N-person sequential bargaining games with complete information (perfect or almost perfect information). For N-person sequential bargaining games, uniqueness of the SPE has been obtained by allowing the players to exit with partial agreements. Adopting a non-equilibrium...
Persistent link: https://www.econbiz.de/10005065420
We develop a model of bargaining that provides a rationality for the difference in the method of negotiation, depending on the nature of the conflict. We distinguish negotiations previous to a potential conflict, and negotiations during a conflict. In these contexts, we study the role of a...
Persistent link: https://www.econbiz.de/10005043194
reconciled in a very general theoretical framework featuring firm-level heterogeneity and investment decision. Three main … elements determine the nature and the intensity of the relationship between firm-level size and investment: the shape of … operating profits with respect to size, the shape of marginal returns to investment (in terms of size) with respect to initial …
Persistent link: https://www.econbiz.de/10010610489
Data envelopment analysis (DEA) is a powerful tool for measuring the relative efficiencies of a set of decision making units (DMUs) such as schools and bank branches that transform multiple inputs to multiple outputs. In centralized decision-making systems, management normally imposes common...
Persistent link: https://www.econbiz.de/10010927712
Expanding variety and the number of offered products is attractive for a firm to fit customer needs. Nevertheless, the greater complexity and the proliferation of stock-keeping units (SKUs) without substantial differentiation may not substantially improve customer satisfaction while raising...
Persistent link: https://www.econbiz.de/10011246295