Showing 1 - 10 of 231
This paper reports the results of an experiment designed to assess the ability of an incumbent seller to profitably foreclose a market with exclusive contracts. We use the strategic environment described by Rasmusen, Ramseyer, and Wiley (1991) and Segal and Whinston (2000) where entry is...
Persistent link: https://www.econbiz.de/10012759185
the policies they can pursue are constrained by the identity of the coalition members. In the model, a formateur picks a … coalition and negotiates for the allocation of the surplus it is expected to generate. The formateur is free to change … generalized version of a Nash Bargaining Solution in which —in contrast to the standard solution— the coalition is endogenous and …
Persistent link: https://www.econbiz.de/10012890469
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
coalitions to provide public goods. Theory is ambiguous on the equilibrium coalition size and contribution rates. We examine the … emergence of coalitions, their size, and how uncertainty in public goods provision affects contribution levels and coalition … coalition to provide the good. Contrary a core theoretical result, we find that coalition size increases when the public good …
Persistent link: https://www.econbiz.de/10013153581
We study the formation of a ruling coalition in political environments. Each individual is endowed with a level of … political power. The ruling coalition consists of a subset of the individuals in the society and decides the distribution of … resources. A ruling coalition needs to contain enough powerful members to win against any alternative coalition that may …
Persistent link: https://www.econbiz.de/10012778980
determine conditions for their uniqueness. We show how this framework can be applied in political economy, coalition formation …
Persistent link: https://www.econbiz.de/10012770673
In this paper we examine exclusion accomplished by a coalition of firms—frequently, a coalition of suppliers and … 1880s, which was controlled by a complex coalition of refiners and wholesalers. We assess the incentives and conduct of the …
Persistent link: https://www.econbiz.de/10012870053
We provide a potential explanation for the absence of, and unwillingness to create, centralized power in the hands of a national state based on the political agenda effect. State centralization induces citizens of different backgrounds, interests, regions or ethnicities to coordinate their...
Persistent link: https://www.econbiz.de/10012991695
votes. 'This vote,' we hear, ' will either win by a little or lose by a lot.' Real-world examples suggest coalition leaders …
Persistent link: https://www.econbiz.de/10014175679
pessimistic conclusions from the theory: only few players form a coalition when the institution prescribes the full …, both along the extensive and intensive margin when coalition members can each suggest a minimum contribution level with the …
Persistent link: https://www.econbiz.de/10013143768