Showing 1 - 10 of 1,608
Consider a government and a non-governmental organization (NGO) who can collaborate to provide a public good using …
Persistent link: https://www.econbiz.de/10015213665
can be specified ex ante, so ex post efficiency requires reaching an agreement with the government. Besley and Ghatak … incurred before the bargaining stage can be reached, ownership by the government can be optimal even when the NGO has a larger …
Persistent link: https://www.econbiz.de/10015262501
Consider a non-governmental organization (NGO) that can invest in a public good. Should the government or the NGO own …
Persistent link: https://www.econbiz.de/10015262725
The government and a non-governmental organization (NGO) can invest in the provision of a public good. In an incomplete … bargaining powers such that either ownership by the government or by the NGO can be optimal. …
Persistent link: https://www.econbiz.de/10015234078
The application of Nash bargaining solution to profit division in negotiation between opencast lignite mine and power plant has been discussed. Different proposals of status quo point usage and ways of its determination for profit sharing both in strategic and tactical/operational negotiation...
Persistent link: https://www.econbiz.de/10015234028
Consider a partnership consisting of two symmetrically informed parties who may each own a share of an asset. It is ex post efficient that tomorrow the party with the larger valuation gets the asset. Yet, today the parties can make investments to enhance the asset's productivity. Contracts are...
Persistent link: https://www.econbiz.de/10015262509
Two parties can at some future date 2 negotiate about whether or not to collaborate in order to generate a surplus. Yet, the negotiation stage will be reached only if at date 1 both parties pay their respective transaction costs. We show that the expected total surplus may be larger when at date...
Persistent link: https://www.econbiz.de/10015262726
In the property rights approach to the theory of the firm (Hart, 1995), parties bargain about whether or not to …
Persistent link: https://www.econbiz.de/10015236139
We reconsider the property rights approach to the theory of the firm based on incomplete contracts. We explore the …
Persistent link: https://www.econbiz.de/10015236294
By examining several different types of open institutions including open source software, open science, open square and (open) urban planning, this paper presents a general analysis of open institutional structure that is complementary to traditional proprietary mode. We argue that open...
Persistent link: https://www.econbiz.de/10015261537