Showing 1 - 10 of 320
symmetric case. As an application, we establish an interesting link with the formation of networks. -- Overlapping Coalitions …
Persistent link: https://www.econbiz.de/10008737140
We introduce a noncooperative multilateral bargaining model for a network-restricted environment, in which players can communicate only with their neighbors. Each player strategically chooses the bargaining partners among the neighbors to buy out their communication links with upfront transfers....
Persistent link: https://www.econbiz.de/10011279698
sequential network bargaining. Assuming patient players, we provide a complete characterization of networks being pairwise (Nash … stable, including all other equitable networks. As an important implication, this reveals the diversity of possible … costs the pairwise stable and efficient networks coincide whereas this does not hold if costs are low or at an intermediate …
Persistent link: https://www.econbiz.de/10010458499
This paper examines conditions for stability in bargaining networks. Network formation is endogenized and payoffs are … internalize the entire network structure when choosing trading partners. The set of link stable networks is characterized for all … positive fixed costs per link. It can be shown that for all positive costs link-stable Manea bargaining networks are of degree …
Persistent link: https://www.econbiz.de/10013002376
symmetric case. As an application, we establish an interesting link with the formation of networks …
Persistent link: https://www.econbiz.de/10014190389
We consider price-fee competition in bilateral oligopolies with perfectly-divisible goods, non-expandable infrastructures, concentrated agents on both sides, and constant marginal costs. We define and characterize stable market outcomes. Buyers exclusively trade with the supplier with whom they...
Persistent link: https://www.econbiz.de/10010326425
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 forms of demand and retail competition. Whether...
Persistent link: https://www.econbiz.de/10011334106
We propose a unified framework to study relational contracting and hold-up problems in infinite horizon stochastic games. We first illustrate that with respect to long run decisions, the common formulation of relational contracts as Pareto-optimal public perfect equilibria is in stark contrast...
Persistent link: https://www.econbiz.de/10010336791
We propose a unified framework to study relational contracting and hold-up problems in infinite horizon stochastic games. We first illustrate that with respect to long run decisions, the common formulation of relational contracts as Pareto-optimal public perfect equilibria is in stark contrast...
Persistent link: https://www.econbiz.de/10013087220
We examine the role of competition and mergers in bargaining by embedding a performance game, in which retail prices are determined by competition, into an axiomatic bilateral bargaining model, in which suppliers and retailers negotiate wholesale terms. We prove existence and uniqueness of what...
Persistent link: https://www.econbiz.de/10012896510