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Sequential bargaining with pure common values
Schweinzer, Paul - 2006
We study the alternating-offers bargaining problem of assigning an indivisible and commonly valued object to one of two players in return for some payment among players. The players are asymmetrically informed about the object's value and have veto power over any settlement. There is no...
Persistent link: https://www.econbiz.de/10010373492
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Sequential bargaining with pure common values and incomplete information on both sides
Schweinzer, Paul - 2006
We study the alternating-offer bargaining problem of sharing a common value pie under incomplete information on both sides and no depreciation between two identical players. We characterise the essentially unique perfect Bayesian equilibrium of this game which turns out to be in gradually...
Persistent link: https://www.econbiz.de/10010373493
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Intrahousehold allocations by mothers to children : the role of observability
Banerjee, Debosree; Klasen, Stephan - 2018
In this article we analyse the impact of spousal preference expectations on mothers' willingness to invest in children’s food/nutrition and health/medical expenses. We use a survey conducted in Karnataka, South India, where women with children were asked to state their investment preference in...
Persistent link: https://www.econbiz.de/10011883859
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The good, the bad and the complex : product design with imperfect information
Asriyan, Vladimir; Foarta, Dana; Vanasco, Victoria - 2018
This paper explores the incentives of product designers to complexify products, and the resulting implications for overall product quality. In our model, a consumer can accept or reject a product proposed by a designer, who can affect the quality and the complexity of the product. While the...
Persistent link: https://www.econbiz.de/10012065103
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Strategic leaks in first-price auctions and tacit collusion : the case of spying and counter-spying
Fan, Cuihong; Chŏn, Pyŏng-hŏn; Wolfstetter, Elmar - 2021
strategically distorted information. This ambiguity about the type of spy gives rise to a non-standard signaling problem where both …
Persistent link: https://www.econbiz.de/10012507333
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Signaling Quality through Prices in an Oligopoly
Janssen, Maarten C.W.; Roy, Santanu - 2007
Firms signal high quality through high prices even if the market structure is highly competitive and price competition is severe. In a symmetric Bertrand oligopoly where products may differ only in their quality, production cost is increasing in quality and the quality of each firm’s product...
Persistent link: https://www.econbiz.de/10010325591
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Simultaneous signaling in elimination contests
Zhang, Jun - 2008
This paper analyzes the signaling effect of bidding in a two-round elimination contest. Before the final round, bids in … final round. I analyze this signaling effect and characterize the equilibrium in this game. Compared to the benchmark model …, in which private valuations are revealed automatically before the final round and thus no signaling of bids takes place …
Persistent link: https://www.econbiz.de/10010290360
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Simultaneous signaling in elimination contests
Zhang, Jun (contributor) - 2008
This paper analyzes the signaling effect of bidding in a two-round elimination contest. Before the final round, bids in … final round. I analyze this signaling effect and characterize the equilibrium in this game. Compared to the benchmark model …, in which private valuations are revealed automatically before the final round and thus no signaling of bids takes place …
Persistent link: https://www.econbiz.de/10003768858
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Signaling quality through prices in an oligopoly
Janssen, Maarten C. W.; Roy, Santanu - 2007
Firms signal high quality through high prices even if the market structure is highly competitive and price competition is severe. In a symmetric Bertrand oligopoly where products may differ only in their quality, production cost is increasing in quality and the quality of each firm’s product...
Persistent link: https://www.econbiz.de/10011372971
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Bargaining under incomplete information, fairness, and the hold-up problem
Siemens, Ferdinand von - 2005
In the hold-up problem incomplete contracts cause the proceeds of relation-specific investments to be allocated by ex-post bargaining. The present paper investigates the efficiency of incomplete contracts if individuals have heterogeneous preferences implying heterogeneous bargaining behavior...
Persistent link: https://www.econbiz.de/10010371083