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We consider a standard coalitional bargaining game where once a coalition forms it exits as in Okada (2011), however … bargaining solution is the unique stationary subgameperfect equilibrium. …
Persistent link: https://www.econbiz.de/10011296159
We analyze a model of strategic network formation prior to a Manea (2011) bargaining game: ex-ante homogeneous players … form costly undirected links anticipating expected equilibrium payoffs from the subsequent network bargaining. Assuming … are not even singularly pairwise stable. As an important implication, this reveals the diversity of possible bargaining …
Persistent link: https://www.econbiz.de/10011296326
Can households make efficient choices? The fact that cohabitation and marriage are partnerships for joint production and consumption imply that their gains are highest when household members cooperate. At the same time, empirical findings suggest that spousal specialization and labor force...
Persistent link: https://www.econbiz.de/10003095433
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
applications to legislative bargaining and international trade negotiations …
Persistent link: https://www.econbiz.de/10013134921
It is well-known that proposers have an advantage in the canonical model of bargaining in legislatures: proposers are …
Persistent link: https://www.econbiz.de/10013135800
Two parties bargaining over a pie whose size is determined by the investment decisions of both. The bargaining rule is … sensitive to the investment behavior. If a symmetric investments pro le is observed, bargaining proceeds according to the Nash … Demand Game; otherwise bargaining proceeds according to the Ultimatum Game. We are interested in the evolutionary emergence …
Persistent link: https://www.econbiz.de/10013137846
I develop an infinite-horizon alternating-offers model of multilateral negotiations, a common means of exchange whose strategic complexity has hindered previous modeling efforts. Multilateral negotiations occur in numerous settings in which one party wishes to trade with one of several others,...
Persistent link: https://www.econbiz.de/10013096643
function can be explained by Nash bargaining between workers and employers. Under fairly mild assumptions, Nash bargaining … exceed the wage reward. This paper reviews the established empirical regularities and then provides Nash bargaining results …
Persistent link: https://www.econbiz.de/10013096772
I study the limit rule for bilateral bargaining when agents recognize that the aggregate economy (influencing the match … derived in this paper is of special importance for decentralized exchange economies with bargaining. Two simple applications … are presented to illustrate this fact. The first example is a model of wage bargaining and trade externalities. I show …
Persistent link: https://www.econbiz.de/10013097367