Showing 61 - 70 of 45,411
We investigate the efficiency of Coasean bargaining when restrictions are placed on the set of feasible bargaining outcomes. When property rights are costly to (defend) appropriate, we find bargaining restrictions may be Pareto superior to unconstrained voluntary exchange. Under cost uncertainty...
Persistent link: https://www.econbiz.de/10013113023
We collected and analyzed the data sets of all majoritarian Baron and Ferejohn (1989 Am. Pol. Sci. Rev.) experiments through 2018. By exploiting the variation of experimental parameters such as group size and discount factor we are able to test whether or not the theoretical point predictions...
Persistent link: https://www.econbiz.de/10012840441
, share of benefit over the best ones. It experiments two-stage bargaining games, internal and external negotiations. From the … experimental results, this paper shows strong tendency to select fair allocation in the internal negotiations, but the tendency …. From the regressions on individual performance in the negotiations, being a proposing party would matter to enhance the …
Persistent link: https://www.econbiz.de/10012952788
weights often does not accurately reflect bargaining power. Game-theoretic predictions about payoffs and coalition formation … experimental test of the classical Baron-Ferejohn model with fi ve-player groups. Holding real power constant, we compare … treatments with differences in nominal power. We find that initial effects of nominal differences become small or disappear with …
Persistent link: https://www.econbiz.de/10012822445
to real multilateral trade negotiations, such as the Doha Development Agenda (DDA) in the World Trade Organizations (WTO …). This paper argues that the structure of games including a veto player (Veto games) is similar to the WTO/DDA negotiations … in that the players do not possess identical power. This paper's main contribution to the literature involves showing …
Persistent link: https://www.econbiz.de/10013003266
power indices, players' strategic alliance can be viewed as a noncooperative foundation of the cooperative solutions …
Persistent link: https://www.econbiz.de/10012922042
Can banks exploit the political economy to generate revenue? If bank creditors (local depositors) are voters, the bank's capital structure can act as a tool to impact the electorate and thus bail-outs by changing the relative group size of voters who favor as opposed to object bailouts.As the...
Persistent link: https://www.econbiz.de/10013239537
The power to influence the allocation of resources in coalitional bargaining stems from an agent's ability to form … affects the source bargaining power: proportionality is key when coalitional commitment is available prior to allocative … highlight that, when analyzing multilateral negotiations, the timing of commitment should be considered as a crucial factor …
Persistent link: https://www.econbiz.de/10013241611
We examine how acquirers’ political connections affect the bargaining outcomes in deal negotiations that involve … political connections as one key factor affecting not only the successful completion of the deal, but also the deal negotiations …
Persistent link: https://www.econbiz.de/10013214473
to real multilateral trade negotiations, such as the Doha Development Agenda (DDA) in the World Trade Organizations (WTO …). This paper argues that the structure of games including a veto player (Veto games) is similar to the WTO/DDA negotiations … in that the players do not possess identical power. This paper’s main contribution to the literature involves showing …
Persistent link: https://www.econbiz.de/10011572871