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Working Through the Distribution : Money in the Short and Long Run

Rocheteau, Guillaume - 2015

We construct a tractable model of monetary exchange with search and bargaining that features a non- degenerate distribution of money holdings in which one can study the short-run and long-run effects of changes in the money supply. While money is neutral in the long run, a one-time money...

Persistent link: https://www.econbiz.de/10013010714

Transparency and Negotiated Prices : The Value of Information in Hospital-Supplier Bargaining

Grennan, Matthew - 2016

Using a detailed dataset of hospitals' purchase orders, we find that information on purchasing by peer hospitals leads to reductions in the prices hospitals negotiate for supplies. Identification is based on staggered access to information across hospitals over time. Within coronary stents,...

Persistent link: https://www.econbiz.de/10012997889

Bilateral Negotiations and Multilateral Trade : The Case of Taiwan-U.S. Trade Talks

Chen, Tain-Jy; Liu, Meng-chun - 2021

This paper reviews the history of bilateral trade negotiations between Taiwan and the U.S. The question posed at the … negative answer. Bilateral negotiations for market opening with the threat of unilateral trade sanctions (such as Section 301 … areas where U.S. domestic interests are homogeneous and concentrated. Even in the case of tariff negotiations where any …

Persistent link: https://www.econbiz.de/10013218908

The Self-Enforcing Provisions of Oil and Gas Unit Operating Agreements : Theory and Evidence

Smith, James L.; Libecap, Gary D. - 2021

This paper extends the existing theory and empirical investigation of unitization contracts. It highlights the …

Persistent link: https://www.econbiz.de/10013220394

Backward Stealing and Forward Manipulation in the WTO

Bagwell, Kyle; Staiger, Robert W. - 2021

Motivated by the structure of WTO negotiations, we analyze a bargaining environment in which negotiations proceed …

Persistent link: https://www.econbiz.de/10013222657

Risk Aversion, Liability Rules, and Safety

Zivin, Joshua S. Graff; Just, Richard E.; Zilberman, David - 2021

negotiations are feasible and side payments are based on the realized level of externalities. Results show that an increase in …

Persistent link: https://www.econbiz.de/10013223861

Bargaining and the Division of Value in Corporate Reorganization

Bebchuk, Lucian A.; Chang, Howard F. - 2021

This paper develops a sequential bargaining model of the negotiations in corporate reorganizations under Chapter 11. We …

Persistent link: https://www.econbiz.de/10013234400

Trade Dependency, Bargaining and External Debt

Aizenman, Joshua - 2010

This paper analyzes the factors determining the effective payment on outstanding debt in the presence of partial defaults, and the feasibility of renewed investment. We show that the bargaining outcome, which determines the repayment, is dictated by the trade dependency, as measured by the...

Persistent link: https://www.econbiz.de/10013135125

Liquidity and the Threat of Fraudulent Assets

Li, Yiting - 2011

We study an over-the-counter (OTC) market with bilateral meetings and bargaining where the usefulness of assets, as means of payment or collateral, is limited by the threat of fraudulent practices. We assume that agents can produce fraudulent assets at a positive cost, which generates endogenous...

Persistent link: https://www.econbiz.de/10013119606

Trade Policy Making in a Model of Legislative Bargaining

Celik, Levent - 2011

fundamentals but also of political variables at the time of congressional negotiations - some of them random realizations of mixed …

Persistent link: https://www.econbiz.de/10013121949