We investigate the effect of delay on prices in bargaining situations using a data set containing thousands of captives …- ing type bargaining model, adjusted to our context, and find that the model fits both the observed prices and acceptance …

We investigate the effect of delay on prices in bargaining situations using a data set containing thousands of captives …- ing type bargaining model, adjusted to our context, and find that the model fits both the observed prices and acceptance …

the public project? In an incomplete contracting framework with split-the-difference bargaining, Besley and Ghatak (2001 …

two sources: the traders discount future payoffs and there are transaction costs of bargaining. Equilibrium behavior … relative bargaining costs. This contrasts with the pure discounting model where termination never occurs, and the pure …

the per capita surplus over the wage. The privatization process is then described as a bargaining process between the …

dramatically affect the way in which an increase in workers' bargaining power affects (under)investment. Without loss of generality … takeovers, the higher workers' bargaining power, the higher their wage flexibility and effort and the firm's capacity to invest …' effort and wage flexibility are restricted and decrease with the workers' initial bargaining power. Various takeover defence …

We analyze a simple model of bilateral bargaining under asymmetric information where the seller of an object can not … before the actual bargaining process begins. This choice is observable to the buyer, and hence, the seller's prebargaining … (strictly) mixed strategies for this game. Then the model is compared to a standard bargaining setting in terms of the …