This note considers a two-sided multi-issue bargaining problem in which players that belong to the same "side" may have conflicting priorities regarding the different negotiated issues. The note examines different bilateral bargaining procedures and shows the different equilibrium settlement...

The purpose of this article is to develop a theory of managerial compensation and capital structure that explicitly accounts for the interdependence of a firm's capital structure and managerial compensation.

The aim of this paper is to demonstrate that the requirement that preferences be definable ca be analyzed fruitfully in formal terms. More specifically, the paper provides an exemple of a formal investigation of the connection between a decision maker's language and the set of definable preferences.

The supply of local public goods would obey principles that are not fundamentally different from those governing the efficient supply of differentiated goods. All these results rest on the assumption of an efficient land market. This suggests that the problem of land property rights should...