Results 41 to 50 of about 619,249 (208)
Collusion through debt and managers
Canadian Journal of Economics/Revue canadienne d'économique, EarlyView.Abstract We investigate the anticompetitive effects of debt financing and managerial incentives in the presence of managers incurring personal bankruptcy costs. We characterize the strategic value for firms' shareholders of resorting to debt and managerial incentives as complementary devices to sustain collusion among firms, when managerial bankruptcy ...
Raffaele Fiocco +2 more
wiley +1 more source
Nash bargaining and agricultural co-operatives [PDF]
, 2004 Edward Oczkowski develops the generalised Nash bargaining solution for a bargaining co-operative selling its raw output to a single processor. Three assumptions for co-operative member behaviour are examined: profit maximisation, co-operative surplus ...
Edward Oczkowski
core
International Journal of Electrical Power & Energy SystemsThe increasing penetration rate of distributed generation will bring serious voltage violation issues to the distribution networks (DNs). As an effective organization form of distributed generation, microgrids (MGs) have flexible adjustment ability ...
Keyu Zhang +5 more
doaj +1 more source
Asymmetric Nash insurance bargaining between risk-averse parties
ASTIN BulletinAbstract In this paper, we investigate asymmetric Nash bargaining in the context of proportional insurance contracts between a risk-averse insured and a risk-averse insurer, both seeking to enhance their expected utilities. We obtain a necessary and sufficient condition for the Pareto optimality of the status quo and derive the ...
Tim J. Boonen, Yichun Chi
openaire +1 more source
Canadian Journal of Economics/Revue canadienne d'économique, EarlyView.Abstract This paper studies how litigation and settlement behaviour is affected by agents motivated by spiteful preferences under the American fee‐shifting rule compared to the English one. We conduct an experiment and find that litigation expenditures are overall higher under the English rule compared to the American rule—even for low‐merit cases ...
Wladislaw Mill, Jonathan Stäbler
wiley +1 more source
Nash Bargaining with Downward Rigid Wages [PDF]
, 1997 We study the effect of downward wage rigidity in a dynamic model when wages are negotiated according to Nash bargaining. Downward rigidity causes a decrease in the worker’s expected utility.
Hopenhayn, Hugo +3 more
core +1 more source
On the Asymptotic Uniqueness of Bargaining Equilibria [PDF]
This note reexamines the connection between the asymmetric Nash bargaining solution and the equilibria of strategic bargaining games. Several papers in the literature obtain the asymmetric Nash bargaining solution as the unique limit of subgame perfect ...
Herings P. Jean-Jacques +1 more
core +2 more sources
Subgame Perfect Equilibrium in the Rubinstein Bargaining Game with Loss Aversion
Complexity, 2019 Rubinstein bargaining game is extended to incorporate loss aversion, where the initial reference points are not zero. Under the assumption that the highest rejected proposal of the opponent last periods is regarded as the associated reference point, we ...
Zhongwei Feng, Chunqiao Tan
doaj +1 more source
A Model for R&D Investment, Operational Decision-Making and Cooperative Contracts of a Supply Chain in Complex Product Systems: Game Theoretic Approach [PDF]
چشمانداز مدیریت صنعتیIntroduction: Despite numerous studies on supply chain cooperation, research shows that collaborations in chains with asymmetric power structures leading to R&D investment have received less attention.
Jafar Gheidar-Kheljani, Kourosh Halat
doaj +1 more source
The Interaction Between Credit and Labor Market Frictions
International Economic Review, EarlyView.ABSTRACT I study a novel two‐way feedback between credit and labor market frictions. Running from credit to labor markets, amplitude in capital demand caused by collateral constraints spills over onto labor demand due to the complementarity of capital and labor; and, furthermore, credit frictions raise effective financial hiring costs, prompting firms ...
Yulia Moiseeva
wiley +1 more source