Results 21 to 30 of about 3,335,492 (146)
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
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Privatization Under Political Ties
The Journal of Industrial Economics, EarlyView.ABSTRACT I study a product differentiation model with endogenous entry where a politically connected public firm competes with a private one. Consumers are heterogeneous in their willingness to pay. I argue that—because of political ties—the public firm may mimic the preferences of the consumer with the median willingness to pay.
Matteo Broso
wiley +1 more source
Contingent capital: A tale of two valuations
Journal of Risk and Insurance, EarlyView.Abstract This study investigates the valuation gap between buyers and sellers of insurers' contingent capital, driven by asymmetric exposures to tax benefits, capital injections, and bankruptcy costs. We develop a novel Twin‐Tree Model with Jumps (TTMJ) that models the insurer's asset value dynamics by incorporating catastrophe risk, insolvency risk ...
Tian‐Shyr Dai +3 more
wiley +1 more source
Non-cooperative Support for the Asymmetric Nash Bargaining solution [PDF]
Our work contributes to the game-theoretic analysis of bargaining by providing additional non-cooperative support to the well-known Nash bargaining solution.
Herings, P. Jean-Jacques +2 more
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Migrant Smuggling to Europe: A Two‐Sector Model With Directed Search
Review of International Economics, EarlyView.ABSTRACT In the last decade, combating migrant smuggling has emerged as a top priority for the European Union (EU). An idiosyncratic feature of this market is its dual supply‐side organization, comprising a small number of criminal cartels and a large mass of self‐employed smugglers.
Claire Naiditch, Radu Vranceanu
wiley +1 more source
Fairness, Efficiency, and the Nash Bargaining Solution [PDF]
A bargaining solution balances fairness and efficiency if each player's payoff lies between the minimum and maximum of the payoffs assigned to him by the egalitarian and utilitarian solutions.
Rachmilevitch, Shiran
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The Role of Labour Market Institutions in Shaping Euro Area Monetary Policy Transmission
Oxford Bulletin of Economics and Statistics, Volume 88, Issue 5, Page 919-936, October 2026.ABSTRACT We examine how labour market institutions shape monetary policy transmission in euro area countries. A theoretical model suggests that higher union density flattens the Phillips curve, amplifying output responses while dampening the inflation effects of monetary shocks. This is empirically confirmed using an interacted panel VAR.
Maximilian Boeck, Christian Glocker
wiley +1 more source
Proportional Nash solutions - A new and procedural analysis of nonconvex bargaining problems [PDF]
This paper studies the Nash solution to nonconvex bargaining problems. The Nash solution in such a context is typically multi-valued. We introduce a procedure to exclude some options recommended by the Nash solution. The procedure is based on the idea of
Yoshihara, Naoki, Xu, Yongsheng
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Mergers in the Presence of Adverse Selection
The RAND Journal of Economics, Volume 57, Issue 3, Page 495-514, Autumn (Fall) 2026.ABSTRACT In the presence of adverse selection, mergers can increase welfare through a reduction in inefficient sorting. I characterize the sorting externality internalized between merging firms in a tractable discrete choice model. Mergers benefit consumers when the firms are small, willingness to pay is moderately increasing in cost, and consumer ...
Conor Ryan
wiley +1 more source
WPO, COV and IIA bargaining solutions [PDF]
The class of bargaining solutions that are defined on the domain of finite sets of alternatives and satisfy Weak Pareto Optimality (WPO), Independence of Irrelevant Alternatives (IIA) and Covariance (COV), is characterized.
Vermeulen, Dries, Peters, Hans
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