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In his pioneering work on transaction costs, Ronald Coase presupposed a picture of property as a bundle of government-prescribed use rights. This picture is not only not essential to what Coase was trying to do, but its limitations emerge when we apply Coase’s central insights to analyze the...
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This study proposes a non-cooperative coalitional bargaining game model to analyse wage negotiations between one … separately, considering wage contract externalities. We show that if the two workers are sufficiently complementary or if … externalities are more positive, there exists a grand-coalition SSPE of the bargaining game for any discount factor. However, if the …
Persistent link: https://www.econbiz.de/10012996131
for the existence of an efficient equilibrium in coalitional bargaining with externalities and renegotiations," Operations …
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offers, or both, prior to bargaining negotiations. We show that the timing of commitment attempts influences the goal of the …
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externalities associated with energy use — global warming, local air pollution, and various side effects (e.g., congestion) from … motor vehicles. Techniques for (roughly) estimating the magnitude of these externalities, and corrective energy taxes, on a …
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