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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
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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
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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
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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
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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
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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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Work Rules, Featherbedding, and Pareto-Optimal Union Management Bargaining
Johnson, George - 2021
the case of negotiations over work rules and wages than in both the cases of fully efficient bargaining and of bargaining …
Persistent link: https://www.econbiz.de/10013222328
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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
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Auctions vs. Negotiations
Bulow, Jeremy; Klemperer, Paul - 2021
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
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Strategic Bargaining Behavior, Self-Serving Biases, and the Role of Expert Agents : An Empirical Study of Final-Offer Arbitration
Ashenfelter, Orley; Dahl, Gordon B. - 2021
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