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Strategic Investment in a Debt Bargaining Framework

Aizenman, Joshua - 2008

This paper analyzes the strategic role of investment from a debtor country's perspective. The framework is one in which, if the debtor country is unable to meet debt obligations, a bargaining regime determines the amount of debt repayment. In the context of a two-country real trade model, debt...

Persistent link: https://www.econbiz.de/10012774533

Sovereign-Debt Renegotiations : a Strategic Analysis

Fernández, Raquel; Rosenthal, Robert W. - 2021

The process of debt-rescheduling between a creditor and a sovereign (LDC) debtor is modeled as a noncooperative game built on a one-sector growth model. The creditor's threat to impose default penalties is ignored here as inherently incredible; instead, the debtor's motivation for repayment is to...

Persistent link: https://www.econbiz.de/10013248422

Game Modelling the Tokyo Round of Tariff Negotiations

Baldwin, Robert E.; Clarke, Richard N. - 2022

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

Communication and Bargaining Breakdown : An Empirical Analysis

Backus, matthew; Blake, Thomas; Pettus, Jett; Tadelis, … - 2022

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 opportunity to study this question using real...

Persistent link: https://www.econbiz.de/10014091401

Policy with Dispersed Information

Angeletos, George-Marios - 2010

payoffs, or because of informational externalities. In the first case, inefficiency manifests itself in excessive non …

Persistent link: https://www.econbiz.de/10012759704

How Bargaining in Marriage Drives Marriage Market Equilibrium

Pollak, Robert A. - 2017

This paper investigates marriage market equilibrium under the assumption that Bargaining In Marriage (BIM) determines allocation within marriage. Prospective spouses, when they meet in the marriage market, are assumed to foresee the outcome of BIM and rank prospective spouses on the basis of the...

Persistent link: https://www.econbiz.de/10012944146

Search Frictions and Market Power in Negotiated Price Markets

Allen, Jason - 2014

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 presence of search frictions in the Canadian mortgage...

Persistent link: https://www.econbiz.de/10013058698

Collective Action in an Asymmetric World

Chen, Cuicui - 2016

A central authority possessing tax and expenditure responsibilities can readily provide an efficient level of a public good. Absent a central authority, voluntary arrangements must replace coercive ones. Significant under-provision must be expected. International public goods are particularly...

Persistent link: https://www.econbiz.de/10012992148

Sequential Bargaining in the Field : Evidence from Millions of Online Bargaining Interactions

Backus, Matthew - 2018

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...

Persistent link: https://www.econbiz.de/10012925284

Bilateral Negotiations and Multilateral Trade : The Case of Taiwan-U.S. Trade Talks

Chen, Tain-Jy; Liu, Meng-Chun - 2021

This paper reviews the history of bilateral trade negotiations between Taiwan and the U.S. The question posed at the … negative answer. Bilateral negotiations for market opening with the threat of unilateral trade sanctions (such as Section 301 … areas where U.S. domestic interests are homogeneous and concentrated. Even in the case of tariff negotiations where any …

Persistent link: https://www.econbiz.de/10013218908

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