Showing 1 - 10 of 318
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
symmetric case. As an application, we establish an interesting link with the formation of networks. -- Overlapping Coalitions …
Persistent link: https://www.econbiz.de/10008737140
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
This paper provides a comprehensive econometric framework for the empirical analysis of countervailing power. It encompasses the two main features of pricing schemes in business-to-business relationships: nonlinear price schedules and bargaining over rents. Disentangling them is critical to the...
Persistent link: https://www.econbiz.de/10010288319
We develop a novel model of price-fee competition in bilateral oligopoly markets with non-expandable infrastructures and costly transportation. The model captures a variety of real market situations and it is the continuous quantity version of the assignment game with indivisible goods on a .xed...
Persistent link: https://www.econbiz.de/10012102999
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
This paper provides a comprehensive econometric framework for the empirical analysis of countervailing power. It encompasses the two main features of pricing schemes in business-to-business relationships: nonlinear price schedules and bargaining over rents. Disentangling them is critical to the...
Persistent link: https://www.econbiz.de/10009354735