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Multi-player Bargaining with Endogenous Capacity
Camera, Gabriele; Selcuk, Cemil - In: Review of Economic Dynamics 13 (2010) 3, pp. 637-653
We study equilibrium prices and trade volume in a market with several identical buyers and a seller who commits to an inventory and then offers goods sequentially. Prices are determined by a strategic costly bargaining process with a random sequence of proponents. A unique subgame perfect...
Persistent link: https://www.econbiz.de/10005009766
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Optimal value commitment in bilateral bargaining
Britz, Volker - In: Games and Economic Behavior 77 (2013) 1, pp. 345-351
We study the role of commitment as a source of strategic power in a non-cooperative bargaining game. Two impatient … recognition probabilities. Before bargaining, a player can commit to some part of the surplus. This commitment remains binding … something which has become impossible. The model offers insight on the relative importance of proposal power and commitment for …
Persistent link: https://www.econbiz.de/10010603330
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Microeconomic models with latent variables: Applications of measurement error models in empirical industrial organization and labor economics
Hu, Yingyao - 2015
This paper reviews recent developments in nonparametric identi.cation of mea- surement error models and their applications in applied microeconomics, in particular, in empirical industrial organization and labor economics. Measurement error models describe mappings from a latent distribution to...
Persistent link: https://www.econbiz.de/10011445721
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A non-parametric approach to testing the axioms of the shapely value with limited data
Aguiar, Victor; Pongrou, Roland; Tondji, Jean-Baptiste - 2017
The unique properties of the Shapley value-efficiency, equal treatment of identical input factors, and marginality{have made it an appealing solution concept in various classes of problems. It is however recognized that the pay schemes utilized in many real-life situations generally depart from...
Persistent link: https://www.econbiz.de/10012057021
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An index of unfairness
Aguiar, Victor H.; Pongou, Roland; Serrano, Roberto; … - 2018
Aguiar et al. (2018) propose the Shapley distance as a measure of the extent to which output sharing among the stakeholders of an organization can be considered unfair. It measures the distance between an arbitrary pay profile and the Shapley pay profile under a given technology, the latter...
Persistent link: https://www.econbiz.de/10012058639
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On bargaining partner selection when communication is restricted
Calvó-Armengol, Antoni - In: International Journal of Game Theory 30 (2002) 4, pp. 503-515
This paper analyzes the optimal selection of a bargaining partner when communication among players is restricted by an exogenously given graph. If players are equally patient, bargaining agreements are immune to players' locations, and the selection of a bargaining partner is not an issue. In...
Persistent link: https://www.econbiz.de/10005598473
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A non-parametric approach to testing the axioms of the shapely value with limited data
Aguiar, Victor; Pongrou, Roland; Tondji, Jean-Baptiste - 2017
The unique properties of the Shapley value-efficiency, equal treatment of identical input factors, and marginality{have made it an appealing solution concept in various classes of problems. It is however recognized that the pay schemes utilized in many real-life situations generally depart from...
Persistent link: https://www.econbiz.de/10011763749
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An index of unfairness
Aguiar, Victor H.; Pongou, Roland; Serrano, Roberto; … - 2018
Aguiar et al. (2018) propose the Shapley distance as a measure of the extent to which output sharing among the stakeholders of an organization can be considered unfair. It measures the distance between an arbitrary pay profile and the Shapley pay profile under a given technology, the latter...
Persistent link: https://www.econbiz.de/10011880413
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Microeconomic models with latent variables : applications of measurement error models in empirical industrial organization and labor economics
Hu, Yingyao - 2015
This paper reviews recent developments in nonparametric identi.cation of mea- surement error models and their applications in applied microeconomics, in particular, in empirical industrial organization and labor economics. Measurement error models describe mappings from a latent distribution to...
Persistent link: https://www.econbiz.de/10010469057
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Principals Matching Agents : Applications to Organizations and Auctions
Cowgill, Bo; Davis, Jonathan; Montagnes, B. Pablo - 2023
We develop a principal/agent model for matching agents in two-sided assignments. A principal has preferences over all agents' assignments, and agents have privately-known preferences about their own match (but are indifferent about others'). Unhappy agents can quit, but the principal can stop...
Persistent link: https://www.econbiz.de/10014351241