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, 1953) for two-person bargaining games. Three of these axioms are standard and are shared by several popular bargaining … solutions. They suffice to characterize these solutions on TU-bargaining games where they coincide. The fourth axiom is a … of Nash's IIA-axiom that together with the three standard axioms suffices to characterize the Nash bargaining solution …
Persistent link: https://www.econbiz.de/10009452564
bargaining games they lead to the Pareto efficient boundary and to the Nash solution, respectively, as sets of maximal elements …
Persistent link: https://www.econbiz.de/10009452470
counterparts for bargaining economies, a specific class of production economies (finite and infinite) representing standard two …-person bargaining games and their continuum counterparts as coalition production economies. Thereby we get core equivalence of the Nash … solution. The results reconfirm the Walrasian approach to Nash bargaining of Trockel (1996). Moreover we establish the same …
Persistent link: https://www.econbiz.de/10009452471
This thesis consists of three related essays, which develop the framework to study multilateral bargaining and … in the Eurasian gas supply chain. The first analytical part of the thesis concerns multilateral bargaining Russia and … to create countervailing power. The second part of the thesis deals with multilateral bargaining and coalition formation …
Persistent link: https://www.econbiz.de/10009467105
This paper assesses empirically the hypotheses by Bental and Demougin (2010) that innovations in ICT (Information and Communication Technology) reduce the labor share in OECD countries by improving the monitoring technology. In a first step, I show that data trends for the labor share, wages in...
Persistent link: https://www.econbiz.de/10009467128
We argue that earlier quantitative research on the relationship between heterosexual partners’ earnings and time spent on housework has two basic flaws. First, it has focused on the effects of women’s shares of couples’ total earnings on their housework, and has not considered the simpler...
Persistent link: https://www.econbiz.de/10009467900
"This paper provides an experimental analysis of bargaining under imperfect information, molded by the circumstances …) link between the unitization field data, and the highly developed experimental bargaining work of Roth and Malouf, and Roth …
Persistent link: https://www.econbiz.de/10009468342
bargaining model with endogenous inside and outside options to analyze the interactions between local communities having at least … particular, improvements in the community's bargaining power vis-a-vis the firm are likely to increase resource extraction and …
Persistent link: https://www.econbiz.de/10009468413
"One of the successes in contemporary social science is the development and proliferation of game theory. For a wide range of phenomena, game theory produces enormous insight into the strategic interaction of individuals. Its greatest power lies with predicting the behavior of large groups --...
Persistent link: https://www.econbiz.de/10009468443
number of clients he can bring to the new firm. The auditor and the client can use audit quality as a bargaining tool to …
Persistent link: https://www.econbiz.de/10009471408