collaborate after non-contractible investments have been made. Most contributions apply the regular Nash bargaining solution. We … explore the implications of using the generalized Nash bargaining solution. A prominent finding regarding the suboptimality of … to give ownership to a party whose investments are less productive, provided that this party’s ex-post bargaining power …

collaborate after non-contractible investments have been made. Most contributions apply the regular Nash bargaining solution. We … explore the implications of using the generalized Nash bargaining solution. A prominent finding regarding the suboptimality of … to give ownership to a party whose investments are less productive, provided that this party's ex-post bargaining power …

the public project? In an incomplete contracting framework with split-the-difference bargaining, Besley and Ghatak (2001 …

In this paper it is demonstrated that voluntary bargaining over a collective decision under asymmetric information may …

other hand, ex post efficiency is not attained since asymmetric information at the bargaining stage sometimes leads to …

generalized Nash bargaining solution is applied, then for any pair of valuations that the two parties may have, there exist … bargaining powers such that either ownership by the government or by the NGO can be optimal. …