This paper shows how this becomes an informational first-mover advantage that turns innovators into the market leader.

We introduce bargaining power in a moral hazard framework whereparties are risk-neutral and the agent is ¯nancially constrained. Weshow that the same contract emerges if the concept of bargaining poweris analyzed in either of the following three frameworks; a standard P-Aframework by varying...

Die vorliegende Arbeit besteht aus drei eigenständigen Teilen, die sich in ihrer Form jeweils an wissenschaftlichen Aufsätzen orientieren. Es wird jeweils ein Modell zu den wichtigsten Verhandlungsformen {bilateral, monopolistisch und polylateral) vorgestellt, analysiert und diskutiert.(...)

We use cooperative game theory to analyze how the architecture of the pipelinenetwork determines the power structure in the supply chain for Russian gas. If theassessment is narrowly focussed on the abilities to obstruct °ows in the existingsystem, the main transit countries Belarus and Ukraine...

This paper surveys new research concerning bargaining within supply chains and its implications for buyer power. The paper explores the implications of the research on supermarket supply chains for primary, secondary and private-label branded goods. The empirical base in support of the theories...

This paper analyses the implications of bargaining between buyers and sellers on the competitive outcome in a homogeneous good industry. Bargaining creates a competitive equilibrium in which some inefficient sellers coexist with efficient leading to productivity dispersion...

List prices are not completely credible as take it or leave it prices: buyers are able to seek reductions by bargaining with firms. We show that this realisation leads to the existence of a critical threshold number of competitors in an industry which depends on fundamentals. In industries with...

Whether behavior converges toward rational play or fair play in repeated ultimatum games depends on which player yields first. If responders concede first by accepting low offers, proposers would not need to learn to offer more, and play would converge toward unequal sharing. By the same token,...

This paper seeks to disentangle the sources of correlations between high-, mid- and lowcap stock indexes from the German prime standard. In principle, such comovement can arise from direct spillover between the variables or due to common factors. By standard means, these different components are...

This paper is a progress report on understanding the relationship betweenprices and allocations of risks on financial markets versus macroeconomicchoices and allocations. In this paper, I investigate the scope of a modelwith exogenous habit formation – or “catching up with the Joneses”,...