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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
the same allocation from one period to the next. We study a bargaining setting where the status quo policy is determined …
Persistent link: https://www.econbiz.de/10012979361
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
. These results suggest large potential gains from employing centralized, formal mechanisms in markets that traditionally …
Persistent link: https://www.econbiz.de/10012889483
for the costs of political bargaining and lobbying that arise from implementing and administering government regulation …
Persistent link: https://www.econbiz.de/10013000533
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
This paper examines an environment where original content can be remixed by follow-on creators. The modelling innovation is to assume that original content creators and remixers can negotiate over the ‘amount' of original content that is used by the follow-on creator in the shadow of various...
Persistent link: https://www.econbiz.de/10013049377
During contractual negotiations, parties often make (reliance) expenditures that would increase the surplus should a contract be made. This paper analyzes decisions to invest in pre-contractual reliance under alternative legal regimes. Investments in reliance will be socially suboptimal in the...
Persistent link: https://www.econbiz.de/10013220927
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
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 position. In a model of redistribution to lobbies, the …
Persistent link: https://www.econbiz.de/10013229064