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encompasses many economic models with externalities and outside options. We show that when outside options are pure (i … distribution of coalitional gains and the dynamics of coalition formation are characterized in four illustrative applications. …
Persistent link: https://www.econbiz.de/10011602846
where contracts may impose externalities on other agents. The paper derives several properties of the Markov perfect … and monotonic on the contracts. If the grand coalition is not efficient we show that bargaining delays arise in positive …-externality games. Otherwise, if the grand coalition is efficient, there are no bargaining delays and convergence to the grand coalition …
Persistent link: https://www.econbiz.de/10014029064
encompasses many economic models with externalities and outside options. We show that when outside options are pure (i … distribution of coalitional gains and the dynamics of coalition formation are characterized in four illustrative applications. …
Persistent link: https://www.econbiz.de/10011324948
This paper reports further experimental results on exclusive dealing contracts. We extend Landeo and Spier's (2009) work by studying Naked Exclusion in a strategic environment that involves a four-player, two-stage game. In addition to the roles of seller and buyers, our experimental environment...
Persistent link: https://www.econbiz.de/10013120699
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This paper reports the results of an experiment designed to assess the ability of an incumbent seller to profitably foreclose a market with exclusive contracts. We use the strategic environment described by Rasmusen, Ramseyer, and Wiley (1991) and Segal and Whinston (2000) where entry is...
Persistent link: https://www.econbiz.de/10014048101
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