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Property Rights and Incomplete Contracts : Dealing with Nuisance

Pitchford, Rohan; Snyder, Christopher M. - 1998

A model of externalities with sequential location choice is developed. The first mover decides on location before it …

Persistent link: https://www.econbiz.de/10014077603

Delegation with incomplete and renegotiable contracts

Gerratana, Emanuele; Koçkesen, Levent - 2008 - This version: April 2008

It is well known that delegating the play of a game to an agent via incentive contracts may serve as a commitment device and hence provide a strategic advantage. Previous literature has shown that any Nash equilibrium outcome of an extensive-form principals-only game can be supported as a...

Persistent link: https://www.econbiz.de/10012001777

Renegotiation Facilitates Contractual Incompleteness

Wernerfelt, Birger - 2006

Attempts to economize on bargaining costs imply that two parties may write a contract which is incomplete in the sense that each party tacitly cedes some decision rights to the other. If decision-makers can be disciplined by the threat of ex post renegotiation of decisions initially delegated to...

Persistent link: https://www.econbiz.de/10014026493

Do Workers Negotiate Collectively or Separately? An Application of a Coalitional Bargaining Game with Externalities

Kiyotaki, Fumi - 2016

This study proposes a non-cooperative coalitional bargaining game model to analyse wage negotiations between one … separately, considering wage contract externalities. We show that if the two workers are sufficiently complementary or if … externalities are more positive, there exists a grand-coalition SSPE of the bargaining game for any discount factor. However, if the …

Persistent link: https://www.econbiz.de/10012996131

Supplement to 'Equivalent Conditions for the Existence of an Efficient Equilibrium in Coalitional Bargaining with Externalities and Renegotiations'

Kawamori, Tomohiko - 2017

for the existence of an efficient equilibrium in coalitional bargaining with externalities and renegotiations," Operations …

Persistent link: https://www.econbiz.de/10012953535

Threats and Promises in Bargaining

Chung, Bobby W. - 2019

offers, or both, prior to bargaining negotiations. We show that the timing of commitment attempts influences the goal of the …

Persistent link: https://www.econbiz.de/10012898894

Environmental policy and cooperation beyond the nation state : an introduction and overview

Müller-Fürstenberger, Georg - In: Structural change and economic dynamics : SC+ED 8 (1997) 1, pp. 99-114

Persistent link: https://www.econbiz.de/10001336253

Pollution, Growth and Social Inefficiency in a Bargaining Model with Cooperative Settlement

Chang, Chia-Ying - 2010

This paper establishes a growth model where firms and residents in potentially polluted areas bargain cooperatively to settle environmental concerns. While economic development affects the extent of the negotiation outcomes, the bargaining results also influence firms' incentive to undertake R&D...

Persistent link: https://www.econbiz.de/10013149153

A theoretical analysis of privatization trade-offs

D'Antoni, Massimo - 1999

Persistent link: https://www.econbiz.de/10001452108

Self-correcting mechanisms in public procurement : why award and contract should be seperated

Bös, Dieter; Kolmar, Martin - 2000

Persistent link: https://www.econbiz.de/10001510204