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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
facilitate negotiations. Consistent with experimental and behavioral studies on fairness perceptions, we find that individuals …We discuss self-interested uses of equity arguments in international climate negotiations. Using unique data from a … arguments may be perceived as being used for different reasons, for example, out of fairness considerations or in order to …
Persistent link: https://www.econbiz.de/10013152832
This paper compares outcomes from informally negotiated oil and gas leases to those awarded via centralized auction. We focus on Texas, where legislative decisions in the early twentieth century assigned thousands of proximate parcels to different mineral allocation mechanisms. We show that...
Persistent link: https://www.econbiz.de/10012889483
During contractual negotiations, parties often make (reliance) expenditures that would increase the surplus should a … parties' decisions to enter into contractual negotiations …
Persistent link: https://www.econbiz.de/10013220927
the case of negotiations over work rules and wages than in both the cases of fully efficient bargaining and of bargaining …
Persistent link: https://www.econbiz.de/10013222328
We present a bargaining model of the interaction between a government and interest groups in which, unlike most existing models, neither side is assumed to have all the bargaining power. The government finds it optimal to constrain itself in the use of transfer policies to improve its bargaining...
Persistent link: https://www.econbiz.de/10013229064
We develop a tractable model of strategic debt renegotiation in which businesses are sequentially interconnected through their liabilities. This financing structure, which we refer to as a debt chain, gives rise to externalities as a lender’s willingness to provide concessions to his...
Persistent link: https://www.econbiz.de/10013242917
original content creators to consider the value of remixing and permit it in negotiations. Second, fair use can improve on … providers. Finally, remix rights can significantly avoid the need for any negotiations over use by granting those rights to …
Persistent link: https://www.econbiz.de/10013049377
The sovereign-debt literature has often implicitly assumed that all the power in the bargaining game between debtor and creditor lies with the latter. An earlier paper provided a game-theoretic basis for this contention. in that all the subgame-perfect equilibria of the game modeled have an...
Persistent link: https://www.econbiz.de/10013245724
Which is the more profitable way to sell a company: a public auction or an optimally structured negotiation with a smaller number of bidders? We show that under standard assumptions the public auction is always preferable, even if it forfeits all the seller's negotiating power, including the...
Persistent link: https://www.econbiz.de/10013248693