Optimal Value Commitment In Bilateral Bargaining
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Optimal Value Commitment In Bilateral Bargaining
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Author : Volker Britz
language : en
Publisher:
Release Date : 2010
Optimal Value Commitment In Bilateral Bargaining written by Volker Britz and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
Bargaining In The Shadow Of The Market
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Author : Kalyan Chatterjee
language : en
Publisher: World Scientific
Release Date : 2013
Bargaining In The Shadow Of The Market written by Kalyan Chatterjee and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with Language Arts & Disciplines categories.
Bargaining in the Shadow of the Market OCo Selected Papers on Bilateral and Multilateral Bargaining consists of selected research in bargaining carried out by Kalyan Chatterjee by himself and with various co-authors. Chatterjee has been one of the earliest researchers to work on noncooperative bargaining theory and has contributed to bilateral bargaining with parties having private information as well as multilateral coalition formation models. Some of his work in each of these areas finds place here.The main theme of this collection of papers is the nature of negotiations when participants have alternatives to continue negotiating, either by beginning negotiations with a different partner or set of partners or by engaging in time-consuming search for such partners. Chapters in this book include: a noncooperative theory of coalitional bargaining and features a laboratory experiment relevant to this theory as well as an extension to political negotiations, search for alternative partners, the effect of markets and bargaining on incentives of players to invest in the partnership and related papers on incentive compatibility, arbitration and a dynamic model of negotiation. The book also includes a new introduction that puts these papers in the context of the broader literature in the field.
Bargaining
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Author : Emin Karagözoğlu
language : en
Publisher: Springer Nature
Release Date : 2022-04-18
Bargaining written by Emin Karagözoğlu and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-04-18 with Business & Economics categories.
This Edited Collection provides a rigorous and rich overview of current bargaining research in economics and related disciplines, as well as a discussion of future directions. The Editors create cross-disciplinary and cross-methodological synergies by bringing together bargaining researchers from various fields, including game theory, experimental economics, political economy, autonomous negotiations, artificial intelligence, environmental economics and behavioral operations management; as well as using various methods, including the strategic approach, axiomatic approach, empirical research, lab and field experiments, machine learning and decision support systems. Offering insights into the theoretical foundations of bargaining research, traditional applications to bargaining research and topics of growing importance due to new advances in technology and the changing political and physical landscape of the world, this book is a key tool for anyone working on or interested in bargaining.
The Role Of Commitment In Bilateral Trade
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Author : Dino Gerardi
language : en
Publisher:
Release Date : 2013
The Role Of Commitment In Bilateral Trade written by Dino Gerardi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
This paper solves for the set of equilibrium payoffs in bargaining with interdependent values when the informed party makes all offers, as discounting vanishes. The seller of a good is informed of its quality, which affects both his cost and the buyer's valuation, but the buyer is not. To characterize this payoff set, we derive an upper bound, using mechanism design with limited commitment. We then prove that this upper bound is tight, by showing that all its extreme points are equilibrium payoffs. Our results shed light on the role of different forms of commitment on the bargaining process. In particular, we show that it is the buyer's inability to commit to a contract before observing the terms of trade that precludes efficiency.
Bilateral Bargaining
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Author : Stefan Napel
language : en
Publisher: Springer
Release Date : 2011-05-13
Bilateral Bargaining written by Stefan Napel and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-05-13 with Business & Economics categories.
This book investigates bargaining between two agents. Its objective is to present, to extend, and to apply the present state of theoretical knowledge. A wide range of questions will be considered: First of all, will two parties reach efficient agreements? Traditional economic theory gives a generally affirma tive answer for perfectly rational agents, who can carry out complex calcu lations instantaneously and without cost. The book uses innovative methods to analyse the implications of less demanding assumptions. A practical ques tion related to bargaining is: How much power does the design of institutions such as the U. N. Security Council give to each of its members? Formally, non permanent members' votes are necessary to pass resolutions, but theoretical investigation of pre-voting negotiation attributes all power to the five perma nent members. Or one may ask whether a society should rather finance the education in higher mathematics for a talented person than remedial training for a retarded person? Different concepts of justice yield different answers. Which particular concept is implemented in a given society is also a matter of bargaining, and it is of special philosophical interest to investigate which bargain will be struck in an ideal society in which individual talents and resources are not yet known. Very generally, a bilateral bargaining situation is characterized by two agents - individuals, firms, governments, etc.
Bilateral Bargaining With A Biased Intermediary
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Author : Yusuke Yamaguchi
language : en
Publisher:
Release Date : 2023
Bilateral Bargaining With A Biased Intermediary written by Yusuke Yamaguchi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with categories.
Bilateral bargaining is often mediated by a third party, called an “intermediary.” In many cases, the intermediary shares some interest with one of the two parties in the negotiation and cannot commit to and enforce his decision. This paper studies the effect of such a “biased” intermediary without commitment and enforcement power in a fully general communication structure. I consider a bilateral trade model à la Myerson and Satterthwaite (1983) with binary valuations in which the intermediary offers a price to the traders. I focus on the set of sequential communication equilibria of the game, which characterizes what the players can achieve if they can freely communicate with each other. I show that the intermediary's bias is detrimental to efficiency, however small it is. I also characterize the second-best equilibrium and show that the expected trade surplus will decrease if the degree of bias exceeds a certain threshold.
Optimal Regulation And The Law Of International Trade
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Author : Boris Rigod
language : en
Publisher: Cambridge University Press
Release Date : 2015-11-13
Optimal Regulation And The Law Of International Trade written by Boris Rigod and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-11-13 with Business & Economics categories.
This book applies a law and economics methodology to enquire into the interface between regulation and international trade law.
Game Theory Bargaining And Auction Strategies
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Author : Gregor Berz
language : en
Publisher: Springer
Release Date : 2016-04-30
Game Theory Bargaining And Auction Strategies written by Gregor Berz and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-30 with Business & Economics categories.
This text bridges the gulf between theoretical economic principles of negotiation and auction theory and their multifaceted applications in actual practice. It is intended to be a supplement to the already existing literature, as a comprehensive collection of reports detailing experiences and results of very different negotiations and auctions.
The Handbook Of Market Design
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Author : Nir Vulkan
language : en
Publisher: Oxford University Press, USA
Release Date : 2013-08-29
The Handbook Of Market Design written by Nir Vulkan and has been published by Oxford University Press, USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-08-29 with Business & Economics categories.
This Handbook brings together the latest research on applied market design. It surveys matching markets: environments where there is a need to match large two-sided populations to one another, such as law clerks and judges or patients and kidney donors.
Bargaining With Multinationals
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Author : H. Loewendahl
language : en
Publisher: Springer
Release Date : 2001-07-19
Bargaining With Multinationals written by H. Loewendahl and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-07-19 with Business & Economics categories.
In Bargaining with Multinationals , Loewendahl scrutinises the relationship between multinational companies, regional development and governments, using an international political economy framework of bargaining between government and multinationals. He critically analyses the role of foreign investment in economic development, and examines how governments can link inward investment to regional economic development. Based on extensive use of data, interviews and case studies of Siemens and Nissan's UK investment, the book shows why MNCs have invested in the UK in the past, how they bargained with the government, and what the impact was on the national and regional economies. In particular, through linking the strategy of multinationals to the location advantages of the UK, it is argued that labour flexibility and incentives were crucial to investment decisions. Loewendahl recommends a framework to integrate endogenous and exogenous approaches to developments; and proposes a greater role for the region and the EU to control incentives and monitor multinationals.