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environmental externalities such as pollution. We argue that consumer contracts generate externalities by overwhelming consumers …
Persistent link: https://www.econbiz.de/10013307217
Persistent link: https://www.econbiz.de/10014545385
We show that financial advisors recommend more costly products to female clients, based on minutes from about 27,000 real-world advisory meetings and client portfolio data. Funds recommended to women have higher expense ratios controlling for risk, and women less often receive rebates on...
Persistent link: https://www.econbiz.de/10012548849
This paper studies infinite-horizon bargaining between a seller and multiple buyers when externalities are present. We … externalities. Since each buyer receives a positive payoff when the seller makes an agreement with some other buyer, positive … externalities induce a war of attrition between buyers. …
Persistent link: https://www.econbiz.de/10010128002
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 country …
Persistent link: https://www.econbiz.de/10010465151
This paper develops a model of child custody based on an incomplete-contract approach to the allocation of property rights. Because of the presence of transaction costs in marriage, altruistic parents cannot contract upon the investments they make into their children, but can reduce the...
Persistent link: https://www.econbiz.de/10010261582
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...
Persistent link: https://www.econbiz.de/10014186170
for the existence of an efficient equilibrium in coalitional bargaining with externalities and renegotiations," Operations …
Persistent link: https://www.econbiz.de/10012953535
offers, or both, prior to bargaining negotiations. We show that the timing of commitment attempts influences the goal of the …
Persistent link: https://www.econbiz.de/10012898894
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