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bargaining in Germany. Based on a simple bargaining model we derive our main hypothesis: In establishments covered by collective … bargaining agreements works councils are more likely to be engaged in productivity enhancing activities and less engaged in rent …
Persistent link: https://www.econbiz.de/10010262527
ex post bargaining phase in which the managers can agree on theproject which maximize their joint private benefit. Our … model shows the share of co-operative surplus the managers can get from bargaining and their default pay off playsa key role …
Persistent link: https://www.econbiz.de/10010325682
bargaining in Germany. Based on a simple bargaining model we derive our main hypothesis: In establishments covered by collective … bargaining agreements works councils are more likely to be engaged in productivity enhancing activities and less engaged in rent …
Persistent link: https://www.econbiz.de/10011402748
We explore the efficiency and distributive implications (theoretically and experimentally) of a multilateral bargaining … model with endogenous production of the surplus under two different timings: ex ante and ex post bargaining. Both timings … economic tenet: in ex post bargaining, effort is considered sunk and opportunistic bargaining behavior will dissuade players …
Persistent link: https://www.econbiz.de/10012936225
model with non-contractible investment ex ante but frictionless bargaining over the externality ex post. In this framework …, a party may distort its investment to worsen the other's threat point in bargaining. We demonstrate that the presence of …
Persistent link: https://www.econbiz.de/10014062229
We consider a wide number of applications of an intrafirm bargaining game within organizations where employees and the …
Persistent link: https://www.econbiz.de/10014148529
We examine how a principal implements a joint forcing contract for a team of two agents, whose joint product determines the value of the principal's asset. We focus on the "agents' problem": whether to contribute to a public good when one's costly contribution is unobservable. Our experiments...
Persistent link: https://www.econbiz.de/10014027665
The canonical principal-agent problem involves a risk-neutral principal who must use incentives to motivate a risk-averse agent to take a costly, unobservable action that improves the principal's payoff. The standard solution requires an inefficient shifting of risk to the agent. This paper,...
Persistent link: https://www.econbiz.de/10014027929
Persistent link: https://www.econbiz.de/10011312128
We consider a partnership game with two roles in which a large population of firms interact to carry out, say, R&D joint ventures. The partners have to build a common-property asset through a sequence of costly investments. Firms have access to a monitoring technology whose cost depends on the...
Persistent link: https://www.econbiz.de/10011608313