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This paper presents a generalized moments (GM) approach to estimating an R-th order spatial regressive process in a panel data error component model. We derive moment conditions to estimate the parameters of the higher order spatial regressive process and the optimal weighting matrix required to...
Persistent link: https://www.econbiz.de/10005094303
constitutional reforms. In a setting where lawmakers interact with a lobby through a bargaining process and with voters by means of … elections, we show that when time constraints are binding, bicameralism might lead to a decline in the legislator's bargaining …
Persistent link: https://www.econbiz.de/10004979403
We experimentally investigate a bargaining environment in which players negotiate over a fixed payment to one player …. Moreover, bargaining frictions increase as risk increases, and we document more frequent disagreements as risk increases. When … bargaining models require some separation between the determinants of bargaining power and fair compensation for risk exposure. …
Persistent link: https://www.econbiz.de/10011086455
show that a profit tax and a transaction tax have opposite implications for equilibrium outcome in bargaining. A marginal …
Persistent link: https://www.econbiz.de/10011120474
additional bargaining power. Negotiating as a group may also cause more inefficiencies due to bargaining failure, and this may …
Persistent link: https://www.econbiz.de/10010877880
In a recent paper Konrad and Thum (2014) present a model that shows that unilateral pre-commitment reduces the likelihood of agreement in bilateral negotiations over the provision of a public good when parties have private information over their contribution costs. We test the model in a...
Persistent link: https://www.econbiz.de/10010877951
We consider a bargaining model in which husband and wife decide on the allocation of time and disposable income. Since … her bargaining power would go down otherwise more strongly, the wife agrees to have a child only if the husband also …
Persistent link: https://www.econbiz.de/10010948876
and competitiveness? To answer these questions, we formulate a theoretical model of wage bargaining in an open economy and …
Persistent link: https://www.econbiz.de/10005094255
indices, both institutions are assumed to act strategically. Predicted bargaining outcomes of the crucial Conciliation stage …
Persistent link: https://www.econbiz.de/10005094390
makers’, understanding of the final stage of the procedure – bargaining in the Conciliation Committee – is crucial. Here, EP … bargaining theory to predict inter-institutional agreements in the Conciliation Committee, it turns out that although …
Persistent link: https://www.econbiz.de/10005765847