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, share of benefit over the best ones. It experiments two-stage bargaining games, internal and external negotiations. From the … experimental results, this paper shows strong tendency to select fair allocation in the internal negotiations, but the tendency …. From the regressions on individual performance in the negotiations, being a proposing party would matter to enhance the …
Persistent link: https://www.econbiz.de/10012952788
This supplement provides proofs of all propositions in [Tomohiko Kawamori and Toshiji Miyakawa, "Equivalent conditions for the existence of an efficient equilibrium in coalitional bargaining with externalities and renegotiations," Operations Research Letters 45(5), 427-430, 2017]
Persistent link: https://www.econbiz.de/10012953535
Courts measure damages for breach of a real estate contract based on the difference between the contract price and the fair market value of the property at the time of the breach, which seeks to protect the injured party's expectation interest. This measure usually provides an injured seller...
Persistent link: https://www.econbiz.de/10012955211
The housing rental market offers a unique laboratory for studying price stickiness. This paper is motivated by two facts: 1. Tenants' rents are remarkably sticky even though regular and expected recontracting would, by itself, suggest substantial rent flexibility. 2. Rent stickiness varies...
Persistent link: https://www.econbiz.de/10012955614
We study the role of bargaining in a firm's sequential selling process. The seller firm under consideration sequentially sells a fixed amount of stock to a random arrival stream of potential buyers who are heterogeneous in product valuation. Based on the stock level and the time to the end of...
Persistent link: https://www.econbiz.de/10012957085
Joint ventures and venture companies present examples of the incomplete contract for economists and the relational contract for legal scholars. Although they have different practical settings, they share the issue of how parties manage the incentive for cooperation. The parties' ultimate goal is...
Persistent link: https://www.econbiz.de/10013019641
Buyer-seller networks where price is determined by an ascending-bid auction are important in many economic examples such as certain real estate markets, radio spectrum sharing, and buyer-supplier networks. However, it may be that some sellers are better off not participating in the auction. We...
Persistent link: https://www.econbiz.de/10013022524
Coalition-formation is an important tool to leverage countries' bargaining power in GATT/WTO negotiations. Unlike the … WTO negotiations. Countries more open to trade also join coalitions more often - a less surprising result since the GATT …
Persistent link: https://www.econbiz.de/10013023594
We examine the method by which firms are sold, auctions or one-on-one negotiations. We define and describe a subset of … and higher acquirer returns compared with both successful auctions and pure negotiations (negotiations with only one …
Persistent link: https://www.econbiz.de/10013027116
We study strategic negotiation models featuring costless delay, general recognition procedures, endogenous voting orders, and finite sets of alternatives. Two examples show: 1. non-existence of stationary subgame-perfect equilibrium (SSPE). 2. the recursive equations and optimality conditions...
Persistent link: https://www.econbiz.de/10013029808