Showing 11 - 20 of 570
This paper develops a framework for studying repeated matching markets. The model departs from the Gale-Shapley matching model by having a fixed set of long-lived players (firms) match with a new generation of short-lived players (workers) in every period. I define history-dependent and...
Persistent link: https://www.econbiz.de/10014537010
The value is a solution concept for n-person strategic games, developed by Nash, Shapley, and Harsanyi. The value of a game is an a priori evaluation of the economic worth of the position of each player, reflecting the players' strategic possibilities, including their ability to make threats...
Persistent link: https://www.econbiz.de/10013189026
In an incomplete information setting, we analyze the sealed bid auction proposed by Knaster (cf. Steinhaus (1948)). This procedure was designed to efficiently and fairly allocate multiple indivisible items when participants report their valuations truthfully. In equilibrium, players do not...
Persistent link: https://www.econbiz.de/10010369429
We set up a rich bilateral bargaining model with four salient points (disagreement point, ideal point, reference point … determined. This model allows us to compare two bargaining solutions that use reference points, the Gupta-Livne solution and the … solutions place on the disagreement point do not directly imply a unique efficiency ranking in this bargaining problem with a …
Persistent link: https://www.econbiz.de/10011709845
solution to an intra-personal bargaining problem among different selves of an individual, where each self represents a … coincide with our bargaining solution, for some pair of preference relations. Second, we provide a revealed …-preference foundation to our bargaining solution and characterize the extent to which these two preference relations can be uniquely …
Persistent link: https://www.econbiz.de/10011599458
We present a model of bargaining in which a committee searches over the policy space, successively amending the default … by voting over proposals. Bargaining ends when proposers are unable or unwilling to amend the existing default, which is …
Persistent link: https://www.econbiz.de/10011599519
bargaining model of price formation with asymmetric information. Under natural assumptions on type distributions, and for any …
Persistent link: https://www.econbiz.de/10011599543
A two-person infinite-horizon bargaining model where one of the players may have either of two discount factors, has a …
Persistent link: https://www.econbiz.de/10011599552
This paper investigates the patterns of bargaining in multinational enterprises (MNEs) in the presence of labor unions … coordination activities. It derives the bargaining regimes which arise as sub-game perfect equilibria, and considers both … unions' per member transaction costs may attenuate the conflict of interests between bargaining parties as regards the …
Persistent link: https://www.econbiz.de/10011650275
between two political parties that have to bargain over which policy to implement. While bargaining, the parties' popularity … substantial effects on bargaining outcomes. Periods of gridlock may arise when the election is close and parties have similar …
Persistent link: https://www.econbiz.de/10012010078