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We here develop a model of pre-play communication that generalizes the cheap-talk approach by allowing players to have a lexicographic preference, second to the payoffs in the underlying game, for honesty. We formalize this by way of an honesty (or truth) correspondence between actions and...
Persistent link: https://www.econbiz.de/10010281162
bargaining in Germany. Based on a simple bargaining model we derive our main hypothesis: In establishments covered by collective … bargaining agreements works councils are more likely to be engaged in productivity enhancing activities and less engaged in rent …
Persistent link: https://www.econbiz.de/10010262527
We construct a model integrating the efficiency wage model of Shapiro-Stiglitz (1984) with the matching-bargaining …
Persistent link: https://www.econbiz.de/10010330282
specific attention to the efficiency, sustainability, and fairness of solutions to this model. We compare and contrast both …
Persistent link: https://www.econbiz.de/10010491360
, not for efficiency. In this paper we claim that condition [1] can be dropped and show experimentally that this is also …
Persistent link: https://www.econbiz.de/10011419376
focality of three properties of bargaining outcomes: equality, Pareto efficiency, and total earnings maximization. Our main …We report experimental data from bargaining situations where bargainers can make proposals as often and whenever they … findings are that subjects avoid an equal earnings contract if it is Pareto inefficient; a large proportion of bargaining pairs …
Persistent link: https://www.econbiz.de/10011444303
the context of Young's (1993b)bargaining model. It turns out that 'cleverness' in this respect indeed does have an … bargaining solution remains the unique long-run outcome when the mutation rate goes to zero. …
Persistent link: https://www.econbiz.de/10010334971
variations of the transfer/bargaining aspect of link formation. One aspect is whether players can only make and receive transfers …
Persistent link: https://www.econbiz.de/10011324957
Since the seminal contribution of Jackson & Wolinsky 1996 [A Strategic Model of Social and Economic Networks, JET 71, 44-74] it has been widely acknowledged that the formation of social networks exhibits a general conflict between individual strategic behavior and collective outcome. What has...
Persistent link: https://www.econbiz.de/10010272547
Since the seminal contribution of Jackson & Wolinsky 1996 [A Strategic Model of Social and Economic Networks, JET 71, 44-74] it has been widely acknowledged that the formation of social networks exhibits a general conflict between individual strategic behavior and collective outcome. What has...
Persistent link: https://www.econbiz.de/10010279423