This Paper analyses strategic bargaining between two agents each of whom negotiates on behalf of a principal. The principals face uncertainty about the bargaining skills of their agents as measured by the agents' abilities to assess the opponent's preferences. Agents then have an incentive to...

This article studies strategic bargaining in which a seller and a buyer are each represented by an agent. Potential agents differ in their ability to obtain information about the other party's reservation price; neither principal knows the other's reservation price or her agent's type. Agents are...

This paper analyzes how intermediation by a middleman who buys from sellers and sells to buyers is affected if direct trade between buyers and sellers becomes possible. Without coordination among sellers and buyers, disintermediation may not occur when it would be welfare-improving. With such...

At the OFT, we pursue our missionâ€â€to make markets work well for consumersâ€â€through a mixture of enforcement and business education. John Fingleton (OFT)

Regulating Utilities and Promoting Competition continues the series of annual books, published in association with the Institute of Economic Affairs and the London Business School, which critically review the state of utility regulation and competition policy.

Competition policy is at a crossroads on both sides of the Atlantic. In this insightful book, judges, enforcers and academics in law and economics look at the consensus built so far and clarify controversies surrounding the issue.

This paper analyses competition between direct and intermediated trade. We show that middlemen’s supply and demand depend on both their bid and ask prices if sellers and buyers have the alternative of trading directly. Multiplicity also prevails. Direct trade does not constrain the market...

This document provides an introduction to LaTeX for Economists, Social Scientists and those in similar disciplines. While LaTeX is of particular interest to those preparing documents containing some mathematics, tables or graphs its typesetting facilities can also benefit those preparing...

Whether the UK should hold a referendum on continued membership of the European Union (EU) is one of the issues in its general election to be held in May 2015. A possible British withdrawal, or Brexit, would have profound implications for Ireland and particularly for its agri-food sector, given...

Industry location in the European Union is examined in order to explore the relevance of the "new" theories of trade and economic geography. The analysis is based on a set of highly disaggregated intra-industry trade indices for 1961-1990, complemented by sectoral employment statistics for EU...