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relational contracts are repeatedly newly negotiated during relationships. Negotiations take place with positive probability and …
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We rationalize a special type of sharing information which can typically be found in markets for occupational disability insurances. There, firms share information about acceptances and rejections of an applicant. We set up a multiple-step signalling model with uninformed agents and endogenize...
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We experimentally investigate the relevance of (asymmetric) outside options in ultimatum bargaining. Building on the …
Persistent link: https://www.econbiz.de/10010338950
bargaining power. Negotiating as a group may also cause more inefficiencies due to bargaining failure, and this may harm also the … fully decentralized negotiations, particularly if the objectives of the members of the coalition group are not always …
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For a repeated procurement problem, we compare two stylized negotiating cultures which differ in how the buyer uses an entrant to exert pressure on the incumbent resembling U.S. style and Japanese style procurement. In each period, the suppliers are privately informed about their production...
Persistent link: https://www.econbiz.de/10010490631
and economically important impact on renegotiation behavior that goes beyond the effect of contracts on bargaining … threatpoints. We compare situations in which an initial contract is renegotiated to strategically equivalent bargaining situations … lower than in strategically equivalent bargaining situations without an initial contract. Moreover, buyers are more likely …
Persistent link: https://www.econbiz.de/10010342843