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Compensatory Transfers in Two-Player Decision Problems

Green, Jerry - 2005

axioms. The paper presents and justifies these axioms and compares them to related conditions used in other bargaining … contexts. In Nash Bargaining Theory, the axioms analogous to these three are in conflict with each other. In contrast, in the …

Persistent link: https://www.econbiz.de/10009431894

Negotiating Free Trade

Helpman, Elhanan; Antras, Pol; Aghion, Philippe - 2007

We develop a dynamic bargaining model in which a leading country endogenously decides whether to sequentially negotiate … free trade agreements with subsets of countries or engage in simultaneous multilateral bargaining with all countries at … once. We show how the structure of coalition externalities shapes the choice between sequential and multilateral bargaining …

Persistent link: https://www.econbiz.de/10009432009

A Price Theory of Legal Bargaining: An Inquiry into the Selection of Settlement and Litigation Under Uncertainty

Rhee, Robert J. - 2006

Conventional wisdom says that economic surplus is created when the cost of litigation is foregone in favor of settlement, a theory flowing from the Coase Theorem. The cost-benefit analysis weighs settlement against the expected value of litigation net of transaction cost. This calculus yields...

Persistent link: https://www.econbiz.de/10009432053

14.123 Microeconomic Theory III, Spring 2009

Eso, Peter - 2009

This half-semester course discusses decision theory and topics in game theory. We present models of individual decision-making under certainty and uncertainty. Topics include preference orderings, expected utility, risk, stochastic dominance, supermodularity, monotone comparative statics,...

Persistent link: https://www.econbiz.de/10009432546

The Ombudsman: Value of Expertise for Forecasting Decisions in Conflicts

Green, Kesten C.; Armstrong, J. Scott - 2007

In important conflicts such as wars and labor-management disputes, people typically rely on the judgment of experts to predict the decisions that will be made. We compared the accuracy of 106 forecasts by experts and 169 forecasts by novices about eight real conflicts. The forecasts of experts...

Persistent link: https://www.econbiz.de/10009439172

The Red King Effect: When the slowest runner wins the coevolutionary race

Bergstrom, Carl T.; Lachmann, Michael - 2003

Mutualisms provide benefits to those who participate in them. As a mutualism evolves, how will these benefits come to be allocated among the participants? We approach this question using evolutionary game theory and explore the ways in which the coevolutionary process determines the allocation...

Persistent link: https://www.econbiz.de/10009460792

Multilateral bargaining and strategic investments in the Eurasian gas supply network

Ikonnikova, Svetlana - 2008

This thesis consists of three related essays, which develop the framework to study multilateral bargaining and … in the Eurasian gas supply chain. The first analytical part of the thesis concerns multilateral bargaining Russia and … to create countervailing power. The second part of the thesis deals with multilateral bargaining and coalition formation …

Persistent link: https://www.econbiz.de/10009467105

Monitoring, Information Technology and the Labor Share

Schneider, Dorothee - 2011

This paper assesses empirically the hypotheses by Bental and Demougin (2010) that innovations in ICT (Information and Communication Technology) reduce the labor share in OECD countries by improving the monitoring technology. In a first step, I show that data trends for the labor share, wages in...

Persistent link: https://www.econbiz.de/10009467128

Whose Money? Whose Time? A Nonparametric Approach to Modeling Time Spent on Housework

Gupta, Sanjiv; Ash, Michael - 2006

We argue that earlier quantitative research on the relationship between heterosexual partners’ earnings and time spent on housework has two basic flaws. First, it has focused on the effects of women’s shares of couples’ total earnings on their housework, and has not considered the simpler...

Persistent link: https://www.econbiz.de/10009467900

Imperfect Information, Multilateral Bargaining, and Unitization: An Experimental Analysis

Wiggins, Steve; Hackett, Steven C.; Battalio, Raymond C. - 1991

"This paper provides an experimental analysis of bargaining under imperfect information, molded by the circumstances …) link between the unitization field data, and the highly developed experimental bargaining work of Roth and Malouf, and Roth …

Persistent link: https://www.econbiz.de/10009468342