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We study the signalling strategy of a principal who is privately informed about its high demand potential to an uninformed risk-neutral agent. We analyze the model in the context of a contract between a franchisor and a franchisee. We examine the distortions of a two-part pricing scheme...
Persistent link: https://www.econbiz.de/10009197518
-seller negotiations correspond to settlements prescribed by Nash's theory of cooperative games. The procedure entails a multivariate … negotiator utility functions by means of conjoint analysis. The procedure is applied to an experiment in which subjects …
Persistent link: https://www.econbiz.de/10009198228