Showing 61 - 70 of 32,296
We consider non-cooperative bargaining on the division of a surplus under simple majority rule. We use the "open rule …" bargaining protocol as originally suggested by Baron and Ferejohn (1989): Proposals can be amended before they are voted on. It … is widely known that there are significant gaps in our understanding of open rule bargaining. In order to address these …
Persistent link: https://www.econbiz.de/10012310731
are derived from a model of bilateral Nash-bargaining between upstream and downstream firms which allows for general forms …
Persistent link: https://www.econbiz.de/10011654786
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/10011674462
We consider bilateral non-cooperative bargaining on the division of a surplus. Compared to the canonical bargaining … game in the tradition of Rubinstein, we introduce additional sources of friction into the bargaining process … month, quarter, or year. Bargaining rounds are of non-trivial length, so that counter-offers may be made without triggering …
Persistent link: https://www.econbiz.de/10011962142
This paper studies bargaining between a seller and a buyer with binary private valuation. Because the setting is more …
Persistent link: https://www.econbiz.de/10014502278
observed than contingent performance contracts in markets where agents have bargaining power. Self-enforcement is sustainable …This paper studies the effect bargaining power has on self-enforcing contracts. Optimal contracts are characterized … under three enforcement regimes. When enforcement is absent, I show that as the agent's bargaining power increases, her …
Persistent link: https://www.econbiz.de/10014184988
incorporate liability rule regimes that include aspects of options markets. In this chapter, I attempt to situate the FAO treaty …
Persistent link: https://www.econbiz.de/10014209899
Previous studies indicate that Colombian farmers make production decisions based on informal sources of information, such as family and neighbors or tradition. In this paper we randomize recipients of price and climate information using text messages (SMS technology). Under this experimental...
Persistent link: https://www.econbiz.de/10008836562
In the context of international bargaining, standard models predict that a shift in military power can cause preventive … war because it changes the relative bargaining position between states. We find that shifts in military power are not the … the relative bargaining position changes substantially. …
Persistent link: https://www.econbiz.de/10010292375
This paper studies a two-sided incomplete information bargaining model between a seller and a buyer. The buyer has an … outside option, which is modeled as a sequential search process during which he can also choose to return to bargaining at any …, in contrast to bargaining with complete information, the option to return to bargaining is not redundant in equilibrium …
Persistent link: https://www.econbiz.de/10010293421