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Governance of Professional Sports Leagues - Cooperatives versus Contracts
Dietl, Helmut; Franck, Egon; Hasan, Tariq; Lang, Markus - Institut für Strategie und Unternehmensökonomik … - 2006
Historically, European team sports leagues were run by their respective national and international associations and were legally independent from the professional clubs playing in these leagues. Recently, European leagues have adopted an organizational form similar to their North American...
Persistent link: https://www.econbiz.de/10010739916
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Agreeing now to agree later: contracts that rule out but do not rule in
Hart, Oliver; Moore, John - London School of Economics (LSE) - 2004
We view a contract as a list of outcomes. Ex ante, the parties commit not to consider outcomes not on the list, i.e., these are "ruled out". Ex post, they freely bargain over outcomes on the list, i.e., the contract specifies no mechanism to structure their choice; in this sense outcomes on the...
Persistent link: https://www.econbiz.de/10010746644
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Bargaining position, bargaining power, and the property rights approach
Schmitz, Patrick W. - In: Economics Letters 119 (2013) 1, pp. 28-31
collaborate after non-contractible investments have been made. Most contributions apply the regular Nash bargaining solution. We … explore the implications of using the generalized Nash bargaining solution. A prominent finding regarding the suboptimality of … to give ownership to a party whose investments are less productive, provided that this party’s ex-post bargaining power …
Persistent link: https://www.econbiz.de/10010662387
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Property Rights and Market: Employee Privatization as a Cooperative Bargaining Process
Marco, Marini - Volkswirtschaftliche Fakultät, … - 1996
maximizing the per capita surplus over the wage. The privatization process is then described as a bargaining process between the …
Persistent link: https://www.econbiz.de/10009148015
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Does Asset Ownership Always Motivate Managers? The Property Rights Theory of the Firm with Alternating - Offers Bargaining
De Meza, D.; Lockwood, Ben - Business School, University of Exeter - 1997
assumption that bargaining over gains from trade is modelled strategically, rather than axiomatically. With strategic bargaining …
Persistent link: https://www.econbiz.de/10008852263
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Bargaining position, bargaining power, and the property rights approach
Schmitz, Patrick W. - Volkswirtschaftliche Fakultät, … - 2013
collaborate after non-contractible investments have been made. Most contributions apply the regular Nash bargaining solution. We … explore the implications of using the generalized Nash bargaining solution. A prominent finding regarding the suboptimality of … to give ownership to a party whose investments are less productive, provided that this party's ex-post bargaining power …
Persistent link: https://www.econbiz.de/10011113898
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Governance of Professional Sports Leagues - Cooperatives versus Contracts
Dietl, Helmut; Franck, Egon; Hasan, Tariq; Lang, Markus - Institut für Strategie und Unternehmensökonomik … - 2006
Historically, European team sports leagues were run by their respective national and international associations and were legally independent from the professional clubs playing in these leagues. Recently, European leagues have adopted an organizational form similar to their North American...
Persistent link: https://www.econbiz.de/10005634690
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Works Councils and Collective Bargaining in Germany: The Impact on Productivity and Wages
Hübler, Olaf; Jirjahn, Uwe - Institute for the Study of Labor (IZA) - 2001
bargaining in Germany. Based on a simple bargaining model we derive our main hypothesis: In establishments covered by collective … bargaining agreements works councils are more likely to be engaged in productivity enhancing activities and less engaged in rent …
Persistent link: https://www.econbiz.de/10005566772
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Bargaining position, bargaining power, and the property rights approach
Schmitz, Patrick W - C.E.P.R. Discussion Papers - 2013
collaborate after non-contractible investments have been made. Most contributions apply the regular Nash bargaining solution. We … explore the implications of using the generalized Nash bargaining solution. A prominent finding regarding the suboptimality of … to give ownership to a party whose investments are less productive, provided that this party's ex-post bargaining power …
Persistent link: https://www.econbiz.de/10011084329
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Optimal Ownership of Public Goods Reconsidered
Schmitz, Patrick W - C.E.P.R. Discussion Papers - 2014
the public project? In an incomplete contracting framework with split-the-difference bargaining, Besley and Ghatak (2001 …
Persistent link: https://www.econbiz.de/10011084400