Showing 1 - 10 of 509
In this paper, we use a two-period one-to-one matching model with incomplete information to examine the effect of … of each potential marriage decides whether to marry or to remain single at the beginning of the first period. Individuals … whether to stay married or to unilaterally divorce. We show that, for any society, there exist matching environments where the …
Persistent link: https://www.econbiz.de/10009754874
In this article, we analyze the stability of couples on the marriage market. Recent developments in cooperative game … theory allow a new model that uses team games which make it possible to model the marriage market. Coalition structures can …
Persistent link: https://www.econbiz.de/10011891127
This paper analyses a model of legislative bargaining in which parties form tentative coalitions (protocoalitions) before deciding on the allocation of a resource. Protocoalitions may fail to reach an agreement, in which case they may be dissolved (breakdown) and a new protocoalition may form....
Persistent link: https://www.econbiz.de/10011316670
We propose a dynamic model of decentralized many-to-one matching in the context of a competitive labor market. Through …
Persistent link: https://www.econbiz.de/10011453256
We examine a bargaining game in which players cannot make arbitrary offers. Instead, players alternately decide whether to accept or delay, and are rewarded with an indivisible portion and a perishable transfer that depends on the round. Our analysis demonstrates that when the initial transfer...
Persistent link: https://www.econbiz.de/10014426519
We set up a rich bilateral bargaining model with four salient points (disagreement point, ideal point, reference point, and tempered aspirations point), where the disagreement point and the utility possibilities frontier are endogenously determined. This model allows us to compare two bargaining...
Persistent link: https://www.econbiz.de/10011316643
We study two-sided matching contests with two sets, A and B, each of which includes a finite number of heterogeneous …
Persistent link: https://www.econbiz.de/10014418053
in case of a stochastic matching subject to various forms of expectations. We consider an exchange network with … stochastic matching between the pairs of players and analyze the dynamics of bargaining in such a market. The cases of convergent … consideration of a stochastic matching on a graph dependent on the weights of edges. The results show that, in all three cases, the …
Persistent link: https://www.econbiz.de/10014420153
In this paper, we investigate optimal delegation mechanisms in the presence of countervailing conflicts of interest in the context of principal-agent problems. We introduce two dimensions of conflict of interest-pandering incentives related to the outside option and project biases. We compare...
Persistent link: https://www.econbiz.de/10014443303
We propose a bargaining process supergame over the strategies to play in a non-cooperative game. The agreement reached by players at the end of the bargaining process is the strategy profile that they will play in the original non-cooperative game. We analyze the subgame perfect equilibria of...
Persistent link: https://www.econbiz.de/10011316539