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surplus is more equitable compared to the case with a purely selfish worker. Moreover, the optimal contract with bargaining … approaches the welfare-optimal contract as the parties' bargaining power converges. Our results help explain why workers are … imply that raising the bargaining power of the less powerful party may increase welfare …
Persistent link: https://www.econbiz.de/10010341624
We perform a theoretical and empirical analysis of the impact of transfer fee regulations on professional soccer in Europe. Based on a model on the interaction of moral hazard and heterogeneity, we show (i) how the regulations effect contract durations and wages, (ii) that contracting parties...
Persistent link: https://www.econbiz.de/10010261926
We analyze the impact of three different transfer fee systems on payoffs, contract lengths, training and effort incentives in European football. The different regimes, being used until 1995 (?Pre-Bosman? or P), currently in use (?Bosman? or B), and recently approved (?Monti? or M) differ with...
Persistent link: https://www.econbiz.de/10010262824
We analyze the impact of three different transfer fee systems on payoffs, contract lengths, training and effort incentives in European football. The different regimes, being used until 1995 ("Pre-Bosman" or P), currently in use ("Bosman" or B), and recently approved ("Monti" or M) differ with...
Persistent link: https://www.econbiz.de/10011405887
Persistent link: https://www.econbiz.de/10003785280
Persistent link: https://www.econbiz.de/10011286045
We study a bargaining model with a disagreement game between offers and counteroffers. In order to characterize the set …
Persistent link: https://www.econbiz.de/10011372980
Persistent link: https://www.econbiz.de/10011377481
Persistent link: https://www.econbiz.de/10011378571
price, and then to the retail price. The type of vertical agreement firms contract upon as well as their relative bargaining …
Persistent link: https://www.econbiz.de/10011381689