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Power is a core concept in the analysis and design of organisations. In this paper we consider positional power in … hierarchies. One of the problems with the extant literature on positional power in hierarchies is that it is mainly restricted to … the analysis of power in terms of the bare positions of the actors. While such an analysis informs us about the authority …
Persistent link: https://www.econbiz.de/10011372509
Power is a core concept in the analysis and design of organizations. One of the problems with the extant literature on … positional power in hierarchies is that it is mainly restricted to the analysis of power in terms of the bare positions of the …-established approaches for the analysis of power in non-hierarchical organizations such as the Banzhaf measure; and thus they are all based …
Persistent link: https://www.econbiz.de/10011377381
one of the actions. By definition opinion leaders have some power over their followers, and they exercise this power by … satisfaction and power scores which allow us to analyze the actors' satisfaction and power with respect to the collective choice …
Persistent link: https://www.econbiz.de/10011378325
affect the behavior of their followers. Hence, opinion leaders have some power over their followers, and they can exercise … this power by influencing their followers choice of action. We study a two-action model for a society with opinion leaders … choice is made by simple majority of the actions chosen by each member. For this model we axiomatize satisfaction and power …
Persistent link: https://www.econbiz.de/10011386185
We include initial holdings in the jungle economy of Piccione and Rubinstein (Economic Journal, 2007) in which the unique equilibrium satisfies lexicographic welfare maximization. When we relax assumptions on consumption sets and preferences slightly, equilibria other than lexicographic welfare...
Persistent link: https://www.econbiz.de/10010421741
The Nash bargaining solution of a modified bargaining problem in the contract space yields the pair of stationary subgame perfect equilibrium proposals in the alternating offers model, also for positive time between proposals. As time vanishes, convergence to the Nash bargaining solution is...
Persistent link: https://www.econbiz.de/10011343949
The bargaining model with stochastic order of proposing players is properly embedded in continuous time and it is strategically equivalent to the alternating offers model. For all parameter values, the pair of equilibrium proposals corresponds to the Nash bargaining solution of a modified...
Persistent link: https://www.econbiz.de/10011343950
There has been a long debate on equilibrium characterization in the negotiation model when players have different time …
Persistent link: https://www.econbiz.de/10011348702
Banks provide risky loans to firms which have superior information regarding the quality of their projects. Due to … asymmetric information the banks face the risk of adverse selection. Credit Value-at-Risk (CVaR) regulation counters the problem …
Persistent link: https://www.econbiz.de/10011334832
Under Basel III rules, banks become subject to a liquidity coverage ratio (LCR) from 2015 onwards, to promote short …
Persistent link: https://www.econbiz.de/10010240057