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Parties in a bargaining situation may perceive guilt, a utility loss caused by receiving the larger share that is modeled in some social preferences. I extend Rubinstein (1982)'s solution of the open-ended alternating-offer bargaining problem for self-interested bargainers to a game with equally...
Persistent link: https://www.econbiz.de/10011108407
This note presents a solution to Rubinstein (1982)'s open-ended, alternating-offer bargaining problem for two equally patient bargainers that exhibit similar degrees of inequality aversion. Inequality-averse bargainers may perceive envy if being worse off and guilt if being better off, but they...
Persistent link: https://www.econbiz.de/10011108663
Bargainers in an open-ended alternating-offer bargaining situation may perceive envy, a utility loss caused by receiving the smaller share that is modeled in some social preferences in addition to self-interest. I extend Rubinstein (1982)'s original solution of the bargaining problem for two...
Persistent link: https://www.econbiz.de/10011112839
Abstract: This paper expounds how to combining the research of equity in health economic and Roemer’s equality of …
Persistent link: https://www.econbiz.de/10011260094
The transformation of Polish economy toward a free market system and related changes on the Polish labour market released the demand for higher education, held for decades at an artificially low level. The impressive increase in enrolment was possible because the Polish government allowed the...
Persistent link: https://www.econbiz.de/10009323936
lack of a consensus view on what basis should be used for gauging an allocation’s “fairness.” Standards of equity in …The successful formation and long-term stability of a cooperative venture is often linked to the perceived fairness of …, to mention a few. This multiplicity of logically compelling “equity bases” is a feature common to many practical cost …
Persistent link: https://www.econbiz.de/10005835826
the access to equity funding a less acute issue. This paper tries to put this first impression to test and to know both …This paper aims at comparing French and Californian social businesses' financial structure and their access to equity … and equity-like funding. The author finds from the study of an 800-French social businesses sample that these French …
Persistent link: https://www.econbiz.de/10009294581
This United Nations Policy Note on Social Policy provides practical guidance on how to operationalize alternative equitable and employment-generating social policies in National Development Strategies. This Policy Note has been developed in cooperation with UN agencies, and has been officially...
Persistent link: https://www.econbiz.de/10009372592
The question of whether foreign investments should be systematically hedged against currency risk has not been clearly answered to date. Numerous theoretical and empirical studies have provided contradictory conclusions. This paper examines to what extent foreign bonds and equities are exposed...
Persistent link: https://www.econbiz.de/10008693568
This work is a PhD dissertation, written at the Department of Economics, McGill University. The thesis offers a new framework for inflation as a process of restructuring. Contrary to existing theories of inflation, which tend to take structure and institutions as given for the purpose of...
Persistent link: https://www.econbiz.de/10005789620