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determine under such a structure how bargaining proceeds, in what order, and when it breaks down. We verify that equilibrium … bargaining sequence proceeds as a chain through decision-making agents, regardless of the hierarchy of the organization. We prove … conditions under which the most natural bottom-up bargaining configuration arises in equilibrium where a proposer negotiates with …
Persistent link: https://www.econbiz.de/10014243309
Should the buyer of a customized good use competitive bidding or negotiation to select a contractor? To shed light on this question, we offer a framework that compares auctions with negotiations. We then examine a comprehensive data set of private sector building contracts awarded in Northern...
Persistent link: https://www.econbiz.de/10014032747
/absence of apologies, and cancellation of consequences. A high level of willingness to forgive was observed among the Kuwaitis …
Persistent link: https://www.econbiz.de/10010770256
Forgiveness and reconciliation have been shown to be beneficial alternatives to revenge as responses to an … victim. Moreover, existing research is often unclear about the relationship between forgiveness and reconciliation. In … response, this article proposes a conceptual framework of forgiveness, reconciliation, and their respective antecedents which …
Persistent link: https://www.econbiz.de/10010868463
Persistent link: https://www.econbiz.de/10011312128
apologies, to encourage trust re-extension. We used a pair of trust games with one-way communication and emotion surveys to …
Persistent link: https://www.econbiz.de/10010817384
Apologies are part of a social institution designed to restore frayed relationships not only in daily life but also in …-dimensional type, apologies exhibit regular properties--e.g., apologies are more frequent in long relationships, early in relationships …
Persistent link: https://www.econbiz.de/10010990607
Persistent link: https://www.econbiz.de/10011931228
In recent years, demutualized stock exchanges have been increasingly engaging in M&A and alliance activities. To examine the effect of these growth strategies on exchange shareholders’ value creation, we focus on 14 public stock exchanges and investigate their short-run share price responses...
Persistent link: https://www.econbiz.de/10009640339
The paper offers a new explanation for the widely observed use of redeemable and convertible preferred stock in venture capital finance. Redeemable and convertible preferred stocks can be used to endogenously allocate cash flow and control rights as a function of the state of nature, the...
Persistent link: https://www.econbiz.de/10005840141