Showing 1 - 10 of 2,952
surplus is more equitable compared to the case with a purely selfish worker. Moreover, the optimal contract with bargaining … approaches the welfare-optimal contract as the parties' bargaining power converges. Our results help explain why workers are … imply that raising the bargaining power of the less powerful party may increase welfare …
Persistent link: https://www.econbiz.de/10010341624
Highly relational contexts can have costs as well as benefits. Researchers theorize that negotiating dyads in which both parties hold highly relational goals or views of themselves are prone to relational accommodation, a dynamic resulting in inefficient economic outcomes yet high levels of...
Persistent link: https://www.econbiz.de/10014112585
We analyze the impact of three different transfer fee systems on payoffs, contract lengths, training and effort incentives in European football. The different regimes, being used until 1995 ("Pre-Bosman" or P), currently in use ("Bosman" or B), and recently approved ("Monti" or M) differ with...
Persistent link: https://www.econbiz.de/10011405887
Persistent link: https://www.econbiz.de/10003785280
Persistent link: https://www.econbiz.de/10014416119
Persistent link: https://www.econbiz.de/10014339359
Persistent link: https://www.econbiz.de/10014339380
Persistent link: https://www.econbiz.de/10014425526
Persistent link: https://www.econbiz.de/10014426293
by a draw from an Ellsberg urn. In a within-subject experiment, subjects make decisions in three different bargaining … mechanisms: unstructured bargaining, the Texas shoot-out, and a K + 1 auction. We find that the K +1 auction is the most e¢ cient … mechanism, which is in line with theory. Free format bargaining yields a surprising number of disagreements, which are not …
Persistent link: https://www.econbiz.de/10014380287