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, if the debtor country is unable to meet debt obligations, a bargaining regime determines the amount of debt repayment. In … the bargaining game will therefore be dependent (among other things) on the level of production in the debtor country. In … this framework, the paper shows that productive investment may increase or decrease the bargaining power of the debtor …
Persistent link: https://www.econbiz.de/10012774533
trading and bargaining …
Persistent link: https://www.econbiz.de/10012760581
This paper explores the power of threats in the absence of binding commitment. The threatener cannot commit to carrying out the threat if the victim refuses payment, and cannot commit to not carrying out the threat if payment is made. If exercising the threat is costly to the threatener, then...
Persistent link: https://www.econbiz.de/10013224941
international capital markets. The creditor can forgive portions of the outstanding debt so that a real-time bargaining process …
Persistent link: https://www.econbiz.de/10013248422
During the seventies and eighties the US steel industry received trade protection. However, these rents were not used to improve competitiveness. Instead, they were reflected in higher wages and a greater share of profits invested in sectors not related to steel. Moreover, the steel industry...
Persistent link: https://www.econbiz.de/10013246993
We analyze an infinite stage, alternating offer bargaining game in which the buyer knows the gains from trade but the … length of bargaining …
Persistent link: https://www.econbiz.de/10012755371
Using actual trade and tariff data for the United States and the European Community, this paper demonstrates how a trade negotiation such as the Tokyo Round, can be modelled as a game among countries attempting to minimize individual welfare loss functions. Once welfare functions are...
Persistent link: https://www.econbiz.de/10013322334
We examine the effects of the interaction between lobbying and legislative bargaining on policy formation. Two systems … bargaining. Second, we show that in congressional systems the resulting policies are strongly skewed in favor of the agenda …
Persistent link: https://www.econbiz.de/10014158137
Bargaining breakdown—whether as delay, conflict, or missing trade—plagues bargaining in environments with incomplete … information. Can a bargaining environment that facilitates or restricts communication alleviate these costs? We exploit a unique …, using text analysis, that the dynamics are consistent with repeat players learning how to use communication in bargaining …
Persistent link: https://www.econbiz.de/10014091401
economic efficiency and that fighting bribery would be counter-productive. This need not be the case. In a general equilibrium …
Persistent link: https://www.econbiz.de/10013313768