Showing 1 - 10 of 797
In this paper we study the complete evolution of a final-offer arbitration system used in New Jersey with data we have systematically collected over the 18-year life of the program. Covering the wages of police officers and firefighters, this system provides virtually a laboratory setting for...
Persistent link: https://www.econbiz.de/10013249711
, 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
This paper investigates marriage market equilibrium under the assumption that Bargaining In Marriage (BIM) determines … backwards induction. The marriage market determines both who marries and, among those who marry, who marries whom. Bargaining in …
Persistent link: https://www.econbiz.de/10012944146
This paper develops and estimates a search and bargaining model designed to measure the welfare loss associated with …
Persistent link: https://www.econbiz.de/10013058698
establishing the Alliance/Nash Equilibrium as a base point. From that point they apply either the principles of the Nash Bargaining … critical international public good. Having examined the Nordhaus Climate Club proposal, we test the Alliance/Nash Equilibrium …
Persistent link: https://www.econbiz.de/10012992148
We study patterns of behavior in bilateral bargaining situations using a rich, new dataset describing over 88 million … listings from eBay's Best Offer platform, with back-and-forth bargaining occurring in over 25 million of these listings. We … document patterns of behavior and relate them to "rational" and "psychological" theories of bargaining and find that bargaining …
Persistent link: https://www.econbiz.de/10012925284
This paper reviews the history of bilateral trade negotiations between Taiwan and the U.S. The question posed at the outset is: does bilateralism enhance or jeopardize multilateralism? The U.S.-Taiwan experience seems to suggest a grossly negative answer. Bilateral negotiations for market...
Persistent link: https://www.econbiz.de/10013218908
The recent literature on the economic behavior of unions is dominated by a controversy over whether or not bargaining … "should" involve both these variables rather than only wages. In fact, explicit bargaining over employment levels is virtually … unknown. There is, however, implicit bargaining over employment in the form of rules concerning the labor/capital ratio, job …
Persistent link: https://www.econbiz.de/10013222328
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
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