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recognition probabilities, in a model of strategic bargaining with Condorcet cycles. Overall, we find only limited support for the … equilibrium predictions. The main deviations from theory are: a) Subjects under-exploit their bargaining power by being more … asymmetries have on bargaining power, especially when the asymmetries relate to recognition probabilities. …
Persistent link: https://www.econbiz.de/10010532580
of bargaining failures. Unlike previous behavioural research, that is mostly based on motivated beliefs and actions, this …
Persistent link: https://www.econbiz.de/10012104838
of bargaining failures. Unlike previous behavioural research, that is mostly based on motivated beliefs and actions, this …
Persistent link: https://www.econbiz.de/10012129125
place in the auction rendering the negotiation prior to the auction obsolete. An experimental test of the model provides …
Persistent link: https://www.econbiz.de/10010365906
are derived from a model of bilateral Nash-bargaining between upstream and downstream firms which allows for general forms …
Persistent link: https://www.econbiz.de/10011654786
This paper investigates the effects of mergers, entry, and exit in retail markets when input prices are negotiated …. Results are derived from a model of bilateral Nash-bargaining between manufacturers and retailers which allows for general …
Persistent link: https://www.econbiz.de/10011334106
In a two-tier industry with bottleneck upstream and two downstream firms producing vertically differentiated goods, we identify conditions under which the upstream supplier chooses exclusive or non-exclusive negotiations, or an English auction to sell its essential input. Auctioning off a...
Persistent link: https://www.econbiz.de/10012837759
management relative bargaining power visà-vis shareholders and vis-à-vis unions can differ. In such a framework, differences in … the relative bargaining power among involved stakeholders play a key role in determining the endogenous choice by firms … managerial firm. Moreover, the distribution of stakeholders' relative bargaining power affects firms' profitability and overall …
Persistent link: https://www.econbiz.de/10012801884
We examine the implications of different contractual forms for welfare as well as for firms’ profits in a framework in which a vertically integrated firm sells its good to an independent downstream firm. Under downstream Bertrand competition, the standard result of the desirability of two-part...
Persistent link: https://www.econbiz.de/10013225988
consumption, such as an insurer bargaining with hospitals. We show that the common Nash- in-Nash solution, while useful for …
Persistent link: https://www.econbiz.de/10011807830