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a contractual approach and based on the notion of fuzzy contractual allocation, see Marakulin (2011, 2013). Core … which is able to dominate allocation doing so: (i) in the present it breaks off all contracts in all states of nature and …
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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
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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We study intermediaries who seek to maximize gains from trade in bilateral negotiations. Intermediaries are players …
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