Showing 1 - 10 of 704
As it becomes cheaper to copy and share digital content, vendors are turning to technical protections such as encryption. We argue that if protection is nevertheless imperfect, this transition will generally lower the prices of content relative to perfect legal enforcement. However, the effect...
Persistent link: https://www.econbiz.de/10012727035
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 … frictions in oligopoly markets with negotiated prices. We use the model to quantify the consumer surplus loss induced by the …
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