Showing 1 - 10 of 7,259
their relative size on the profitability of negotiated agreements. -- Bargaining ; Conflict ; Agency Problem … protocol or a conflict to appropriate the surplus. In the cooperative negotiations, disagreement corresponds to a pro rata … which conflict will be preferred to negotiated agreements (and vice versa), and we derive welfare implications. Finally, we …
Persistent link: https://www.econbiz.de/10008747115
protocol or a conflict to appropriate the surplus. In the cooperative negotiations, disagreement corresponds to a pro rata … which conflict will be preferred to negotiated agreements (and vice versa), and we derive welfare implications. Finally, we …
Persistent link: https://www.econbiz.de/10014189169
In the context of international bargaining, standard models predict that a shift in military power can cause preventive … war because it changes the relative bargaining position between states. We find that shifts in military power are not the … the relative bargaining position changes substantially. -- Bargaining ; commitment problems ; shifts in power …
Persistent link: https://www.econbiz.de/10009711293
option is a probabilistic conflict and a peaceful agreement is ex ante efficient. Applications include partnership, labor …-management bargaining, pretrial negotiations, and international negotiations. I compute the set of interim incentive efficient mechanisms …, the ex ante incentive efficient mechanism, as well as the neutral bargaining solution. I numerically illustrate that the …
Persistent link: https://www.econbiz.de/10013216591
/2; if neither offer falls into the interval, there is no settlement. Comparisons are made with other bargaining mechanisms …
Persistent link: https://www.econbiz.de/10014043989
We study the alternating-offers bargaining problem of assigning an indivisible and commonly valued object to one of two … veto power over any settlement. There is no depreciation during the bargaining process which involves signalling of private …
Persistent link: https://www.econbiz.de/10010373492
In this study, I examine the alternating‐offer bilateral bargaining model with private correlated values. The … limits and show that it is efficient, but the surplus split generally differs from the Nash bargaining split. I then … construct a double limit that approximates the Nash bargaining split in the ex post surplus, but with a delay. Further, I prove …
Persistent link: https://www.econbiz.de/10011856724
agreements. Informational differences provide an appealing explanation for bargaining inefficiencies. This chapter provides an … overview of the theoretical and empirical literature on bargaining with incomplete information.The chapter begins with an … analysis of bargaining within a mechanism design framework. A modern development is provided of the classic result that, given …
Persistent link: https://www.econbiz.de/10014024495
In housing markets with asymmetric information list prices may signal unobserved properties of the house or the seller. Asymmetric information is the starting point of many models for the housing market. In this paper, we estimate the causal effect of list-price reductions to test for the...
Persistent link: https://www.econbiz.de/10011380153
I study a situation where two players disagree on the division of a good. In the first of two stages, the players can divide the good peacefully between them by signing a contract. If either or both players reject the contract, they must engage in a costly contest over the good. One of the...
Persistent link: https://www.econbiz.de/10010337007