Showing 1 - 10 of 100
We construct a price-theoretic model of firms' integration decisions under perfect competition and study their interplay with consumer demand and welfare. Integration is costly to implement but is effective at coordinating production decisions. The price of output influences the ownership...
Persistent link: https://www.econbiz.de/10005661865
This paper proposes and solves a search unemployment model in which job separation requires mandatory notice. When jobs are subject to idiosyncratic uncertainty, firms would issue advance notice even with good business conditions. We show that such precautionary policy is not pursued if it...
Persistent link: https://www.econbiz.de/10005497907
Public agencies rely on two key modes to procure goods and services: auctions and direct negotiations. The relative … passenger railway services in Germany, where regional agencies can use auctions and negotiations to procure regional passenger … legal framework. We first characterize the decisions of the agency in a simple reduced form framework of negotiations and …
Persistent link: https://www.econbiz.de/10009275960
post. We show that this is achieved by bilateral negotiations but not by auctions. Negotiations strictly outperforms … if the buyer's bargaining position is sufficiently strong. Moreover, we show that negotiations provide stronger … use of negotiations as a procurement mechanism in private industry. …
Persistent link: https://www.econbiz.de/10011096108
This Paper develops a model of child custody based on an incomplete-contract approach to the allocation of property rights. Because of the presence of transaction costs in marriage, altruistic parents cannot contract upon the investments they make into their children, but can reduce the...
Persistent link: https://www.econbiz.de/10005788987
This Paper examines recent theoretical developments in the theory of coalition stability. It focuses on the …
Persistent link: https://www.econbiz.de/10005791385
International agreements to protect the global environment are typically difficult to reach. In principle they should be profitable for all players involved in the negotiation. Even when they are profitable, however, they are often unstable due to the incentive to free-ride (enjoying the clean...
Persistent link: https://www.econbiz.de/10005792083
-offer negotiations to a model schedule approach that sets ambitious objectives - ideally full national treatment for the major backbone …
Persistent link: https://www.econbiz.de/10005124100
negotiations, its increased bargaining power and its eventual incentives to follow the US defections. …
Persistent link: https://www.econbiz.de/10005124246
be derived from the recent outcomes of climate negotiations. Even though an equitable sharing of the costs of controlling …
Persistent link: https://www.econbiz.de/10005136584