Showing 1 - 10 of 57
This paper analyzes a model in which different rational individuals vote over the composition and time profile of public spending. Potential disagreement between current and future majorities generates instability in the social choice function that aggregates individual preferences. In...
Persistent link: https://www.econbiz.de/10005667072
It is argued that trigger mechanisms cannot support reputation if voters are atomistic and have access to good information about party preferences. Therefore the choice for a party lies between precommitment, enforced by penalties, and discretion. The paper uses a model of Labor and Conservative...
Persistent link: https://www.econbiz.de/10005792111
dollar. In this paper a bargaining approach is used to explain both the settlement and the delay. We conclude that the agreed … swap broadly corresponds to a bargaining outcome where the Argentine government had 'first mover' advantage, and that a … promoting 'good faith' bargaining. …
Persistent link: https://www.econbiz.de/10005504331
, parliamentary composition, coalition formation, and bargaining are endogenous. We compare this constitution to delegation of …
Persistent link: https://www.econbiz.de/10005504348
This paper investigates how the permanent departure of the head from the household, mainly due to death or divorce, affects children’s school enrolment and work participation in rural Colombia. In our empirical specification we use household-level fixed effects to deal with the fact that...
Persistent link: https://www.econbiz.de/10005504433
We consider a bargaining model of the interaction between a government and interest groups in which, unlike existing … models, neither side is assumed to have all the bargaining power. The government will then find it optimal to constrain … itself in the use of transfer policies to improve its bargaining position. In a model of redistribution to lobbies, the …
Persistent link: https://www.econbiz.de/10005504570
We consider a competitive search model where firms with vacancies choose between posting a wage ex-ante and bargaining …-up problem associated with bargaining but are incomplete since they cannot be contingent on worker qualifications. In contrast … the hold-up problem is mild and workers' heterogeneity is large, firms opt for bargaining. Yet equilibria with bargaining …
Persistent link: https://www.econbiz.de/10005504658
There is strong evidence that people exploit their bargaining power in competitive markets but not in bilateral … bargaining situations. There is also strong evidence that people exploit free-riding opportunities in voluntary cooperation games …
Persistent link: https://www.econbiz.de/10005504682
the seller’s relative bargaining power and bargaining share. This in turn fosters the seller’s incentives to invest even …
Persistent link: https://www.econbiz.de/10005497871
firm is better off encouraging competition when the downstream firms have high bargaining power. We derive implications on …
Persistent link: https://www.econbiz.de/10005497922