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Stable matching and protocol-free equilibrium
Okada, Akira - In: Games and economic behavior 128 (2021), pp. 193-201
Persistent link: https://www.econbiz.de/10012672078
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Equilibrium and matching under price controls
Herings, Peter Jean-Jacques - 2015
The paper considers a one-to-one matching with contracts model in the presence of price controls. This set-up contains two important streams in the matching literature, those with and those without monetary transfers, as special cases and allows for intermediate cases with some restrictions on...
Persistent link: https://www.econbiz.de/10011279692
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Price setting in a decentralized market and the competitive outcome
Lauermann, Stephan (contributor) - 2008
This paper studies a decentralized, dynamic matching and bargaining market: buyers and sellers are matched into pairs. Traders exit the market at a constant rate, inducing search costs (frictions). All price offers are made by sellers. Despite the fact that sellers have all the bargaining power...
Persistent link: https://www.econbiz.de/10003730623
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Fairness and competition in a bilateral matching market
Bester, Helmut - 2021
This paper analyzes fairness and bargaining in a dynamic bilateral matching market. Traders from both sides of the market are pairwise matched to share the gains from trade. The bargaining outcome depends on the traders’ fairness attitudes. In equilibrium fairness matters because of market...
Persistent link: https://www.econbiz.de/10012648091
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Fairness and competition in a bilateral matching market
Bester, Helmut - 2021
This paper analyzes fairness and bargaining in a dynamic bilateral matching market. Traders from both sides of the market are pairwise matched to share the gains from trade. The bargaining outcome depends on the traders’ fairness attitudes. In equilibrium fairness matters because of market...
Persistent link: https://www.econbiz.de/10012587476
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Splitting games : Nash equilibrium and the optimisation problem
Martins, Ana Paula - 2010
This research states the stylised n (more than two) players' splitting problem as a mathematical programme, relying on definitions of the values of the game and problem stationarity to generate tractable reduced forms, and derives the known solutions according to the properties of pertaining...
Persistent link: https://www.econbiz.de/10011524731
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Reference points, social norms, and fairness in contract renegotiations : conference paper
Bartling, Björn; Schmidt, Klaus M. - 2013
-seller relationship with renegotiation. Our paper provides causal experimental evidence that an initial contract has a highly significant … threatpoints. We compare situations in which an initial contract is renegotiated to strategically equivalent bargaining situations … in which no ex ante contract was written. The ex ante contract causes sellers to ask for markups that are 45 percent …
Persistent link: https://www.econbiz.de/10010342843
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Renegotiation of long‐term contracts as part of an implicit agreement
Kostadinov, Rumen - In: Theoretical economics : TE ; an open access journal in … 16 (2021) 4, pp. 1471-1512
contract renegotiation is a powerful tool for incentive provision, despite the stationarity of the environment. Continuation …
Persistent link: https://www.econbiz.de/10012806553
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Delegation with incomplete and renegotiable contracts
Gerratana, Emanuele; Koçkesen, Levent - 2008 - This version: April 2008
It is well known that delegating the play of a game to an agent via incentive contracts may serve as a commitment device and hence provide a strategic advantage. Previous literature has shown that any Nash equilibrium outcome of an extensive-form principals-only game can be supported as a...
Persistent link: https://www.econbiz.de/10012001777
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Characterization of competitive allocations and the Nash bargaining problem
Sotskov, Aleksandr I. - In: Advances in economic design : with 28 tables, (pp. 183-204). 2003
Persistent link: https://www.econbiz.de/10003871697