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We suggest a family bargaining model where human capital investment decisions are made non-cooperatively in a first stage, while day-to-day allocation of time is determined later through Nash bargaining, but with non-cooperative behaviour as the fall-back. One finding is that overinvestment in...
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We analyze bargaining over international climate agreements in a setting with incomplete information about abatement costs. Unilateral commitment to high abatement reduces the gains from global cooperation. This reduces the probability of reaching efficient international environmental agreements
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Where product innovation requires several complementary patents, fragmented property rights can be a factor that limits …
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lead to bargaining failure and might explain a lack of observed coordination. We consider international negotiations about … tax coordination under complete and incomplete information. We identify the conditions for multilateral negotiations to be … bargaining. Under plausible conditions, full-scale global coordination is least likely to emerge if the negotiations take place …
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fully decentralized negotiations, particularly if the objectives of the members of the coalition group are not always …
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