Showing 1 - 10 of 43
In this paper we study how bargainers impact on markets in which firms set a list price to sell to those consumers who take prices as given. The list price acts as an outside option for the bargainers, so the higher the list price, the more the firms can extract from bargainers. We find that an...
Persistent link: https://www.econbiz.de/10008484750
Persistent link: https://www.econbiz.de/10011627017
Persistent link: https://www.econbiz.de/10009948778
Persistent link: https://www.econbiz.de/10009504299
Persistent link: https://www.econbiz.de/10012696848
Persistent link: https://www.econbiz.de/10011981881
Persistent link: https://www.econbiz.de/10012190302
This paper studies the consequences of a regulatory pay cap in proportion to assets on bank risk, bank value, and bank asset allocations. The cap is shown to lower banks’ risk and raise banks’ values by acting against a competitive externality in the labour market. The risk reduction is...
Persistent link: https://www.econbiz.de/10011077977
This study outlines a new theory linking industry structure to optimal employment contracts and executive short-termism. Firms hire their executives using optimal contracts derived within a competitive labour market. To motivate effort, firms must use some variable remuneration. Such...
Persistent link: https://www.econbiz.de/10010990466
We study vertical contracting through bargaining between an upstream supplier and downstream retailers. We consider the effect of supplier uncertainty as to final volumes on the efficient bargains struck. Uncertainty causes retail price effects: large buyers wield countervailing power (deliver...
Persistent link: https://www.econbiz.de/10011051656