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Helpman, Elhanan; Persson, Torsten - 2022

We examine the effects of the interaction between lobbying and legislative bargaining on policy formation. Two systems are considered: a US-style congressional system and a European-style parliamentary system. First, we show that the policies generated are not intermediate between policies that...

Persistent link: https://www.econbiz.de/10014158137

Threats Without Binding Commitment

Shavell, Steven; Spier, Kathryn E. - 2021

This paper explores the power of threats in the absence of binding commitment. The threatener cannot commit to carrying out the threat if the victim refuses payment, and cannot commit to not carrying out the threat if payment is made. If exercising the threat is costly to the threatener, then...

Persistent link: https://www.econbiz.de/10013224941

Learning and Disagreement in an Uncertain World

Acemoglu, Daron - 2010

Most economic analyses presume that there are limited differences in the prior beliefs of individuals, as assumption most often justified by the argument that sufficient common experiences and observations will eliminate disagreements. We investigate this claim using a simple model of Bayesian...

Persistent link: https://www.econbiz.de/10012760581

Sequential Bargaining Under Asymmetric Information

Grossman, Sanford J. - 2012

We analyze an infinite stage, alternating offer bargaining game in which the buyer knows the gains from trade but the seller does not. Under weak assumptions the game has a unique candidate Perfect Sequential Equilibrium, and it can be solved by backward induction. Equilibrium involves the...

Persistent link: https://www.econbiz.de/10012755371

Game Modelling the Tokyo Round of Tariff Negotiations

Baldwin, Robert E.; Clarke, Richard N. - 2022

Using actual trade and tariff data for the United States and the European Community, this paper demonstrates how a trade negotiation such as the Tokyo Round, can be modelled as a game among countries attempting to minimize individual welfare loss functions. Once welfare functions are...

Persistent link: https://www.econbiz.de/10013322334

Sovereign Debt Buybacks Can Lower Bargaining Costs

Rotemberg, Julio - 2022

I develop two models in which debt repurchases by highly indebted sovereign nations are advantageous for all parties. The models are based on the idea that when sovereign debts are large, bargaining costs are large. Creditors spend more resources convincing the debtor that they are tough when...

Persistent link: https://www.econbiz.de/10014150683

Transparency and Negotiated Prices : The Value of Information in Hospital-Supplier Bargaining

Grennan, Matthew - 2016

Using a detailed dataset of hospitals' purchase orders, we find that information on purchasing by peer hospitals leads to reductions in the prices hospitals negotiate for supplies. Identification is based on staggered access to information across hospitals over time. Within coronary stents,...

Persistent link: https://www.econbiz.de/10012997889

Bilateral Negotiations and Multilateral Trade : The Case of Taiwan-U.S. Trade Talks

Chen, Tain-Jy; Liu, Meng-chun - 2021

This paper reviews the history of bilateral trade negotiations between Taiwan and the U.S. The question posed at the … negative answer. Bilateral negotiations for market opening with the threat of unilateral trade sanctions (such as Section 301 … areas where U.S. domestic interests are homogeneous and concentrated. Even in the case of tariff negotiations where any …

Persistent link: https://www.econbiz.de/10013218908

The Self-Enforcing Provisions of Oil and Gas Unit Operating Agreements : Theory and Evidence

Smith, James L.; Libecap, Gary D. - 2021

This paper extends the existing theory and empirical investigation of unitization contracts. It highlights the …

Persistent link: https://www.econbiz.de/10013220394

Backward Stealing and Forward Manipulation in the WTO

Bagwell, Kyle; Staiger, Robert W. - 2021

Motivated by the structure of WTO negotiations, we analyze a bargaining environment in which negotiations proceed …

Persistent link: https://www.econbiz.de/10013222657