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solution to an intra-personal bargaining problem among different selves of an individual, where each self represents a … coincide with our bargaining solution, for some pair of preference relations. Second, we provide a revealed …-preference foundation to our bargaining solution and characterize the extent to which these two preference relations can be uniquely …
Persistent link: https://www.econbiz.de/10011599458
We present a model of bargaining in which a committee searches over the policy space, successively amending the default … by voting over proposals. Bargaining ends when proposers are unable or unwilling to amend the existing default, which is …
Persistent link: https://www.econbiz.de/10011599519
bargaining model of price formation with asymmetric information. Under natural assumptions on type distributions, and for any …
Persistent link: https://www.econbiz.de/10011599543
probability of negotiation breakdown in a bargaining protocol whose sequential equilibrium implements the optimal mechanism. …
Persistent link: https://www.econbiz.de/10011599549
A two-person infinite-horizon bargaining model where one of the players may have either of two discount factors, has a …
Persistent link: https://www.econbiz.de/10011599552
between two political parties that have to bargain over which policy to implement. While bargaining, the parties' popularity … substantial effects on bargaining outcomes. Periods of gridlock may arise when the election is close and parties have similar …
Persistent link: https://www.econbiz.de/10012010078
I study how the arrival of new private information affects bargaining outcomes. A seller makes offers to a buyer. The …-best is implementable via a mechanism, whereas all equilibrium outcomes of the bargaining game are inefficient. …
Persistent link: https://www.econbiz.de/10014536929
of complementary patents. In this context, we study how the allocation of bargaining power between principal and agents … completion, efficiency requires concentrating bargaining power in the principal. Strengthening the bargaining position of the … or discriminatory offers. When this collective action problem is severe enough, agents are better off when bargaining …
Persistent link: https://www.econbiz.de/10014537034
This paper studies market clearing in matching markets. The model is non-cooperative, fully decentralized, and in … trade. Once a worker-firm pair reach agreement, they exit the market. Alternative possible matches affect agents' bargaining … positions. We ask under which conditions such markets clear efficiently and find that inefficiencies -- mismatch and delay …
Persistent link: https://www.econbiz.de/10012215293
A two-person infinite-horizon bargaining model where one of the players may have either of two discount factors, has a …
Persistent link: https://www.econbiz.de/10010798203