Results 51 to 60 of about 917 (201)
On the Nash bargaining solution with noise [PDF]
European Economic Review, 2004 Suppose two parties have to share a surplus of random size.Each of the two can either commit to a demand prior to the realization of the surplus - as in the Nash demand game with noise - or remain silent and wait until the surplus was publicly observed.Adding the strategy to wait to the noisy Nash demand game results in two strict equilibria, in each ...
Güth, W. +2 more
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Colonial wars and trade restrictions: Fighting for exclusive trading rights
Canadian Journal of Economics/Revue canadienne d'économique, EarlyView.Abstract This paper develops a model of colonial wars and trade restrictions, in which two metropolises compete for control over a colony's trade policy. In equilibrium, the metropolis that gains control can improve its terms of trade by restricting its rival's access to colonial trade.
Ivan G. Lopez Cruz, Gustavo Torrens
wiley +1 more source
Cross‐border reciprocal bartering in public–private tetradic networks
Decision Sciences, EarlyView.Abstract Under the background of semiconductor and vaccine shortages during COVID‐19‐driven supply chain disruptions, this article adopts a multimethodological approach to investigate strategic solutions for cross‐border scarce goods bartering in a public–private (P–P) tetradic reciprocal network, which involves two pairs of P–P collaborative dyads ...
Jiuh‐Biing Sheu +2 more
wiley +1 more source
Continuum Nash bargaining solutions
Nonlinear Differential Equations and Applications NoDEAAbstract We compute a mean field limit of Nash bargaining solutions with agents chosen from a smooth probability density and with utility determined by the negative exponential of a cost function. When the cost function has the property that Kantorovich potentials are unique, we show that both at finite stages and
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Unemployment Fluctuations with Staggered Nash Wage Bargaining [PDF]
Journal of Political Economy, 2006 A number of authors have recently emphasized that the conventional model of unemployment dynamics due to Mortensen and Pissarides has difficulty accounting for the relatively volatile behavior of labor market activity over the business cycle. We address this issue by modifying the MP framework to allow for staggered multiperiod wage contracting.
Gertler, Mark, Trigari, Antonella
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The Economic History Review, EarlyView.Abstract After the Second World War, family allowances became a cornerstone of social spending in western Europe. Whilst religion is often highlighted as a driver of this policy, the role of political Catholicism remains contested, particularly in southern Europe.
Guillem Verd‐Llabrés
wiley +1 more source
A New Bargaining Game Model for Measuring Performance of Two-Stage Network Structures [PDF]
International Journal of Research in Industrial Engineering, 2012 Data envelopment analysis (DEA) mainly utilizes envelopment technology to replace production function in microeconomics. Based on this replacement, DEA is a widely used mathematical programming approach for evaluating the relative efficiency of decision ...
F. Hosseinzadeh Lotfi +3 more
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Nash equilibria in optimal reinsurance bargaining
Insurance: Mathematics and Economics, 2020 22 pages, 3 ...
Michail Anthropelos, Tim J. Boonen
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Competition and payments to African chiefs on the Gold Coast during the slave trade, 1679‒1704
The Economic History Review, EarlyView.Abstract The manuscript records of the Royal African Company show that the Company paid African chiefs for access to trade along the caravan routes on the Gold Coast in the seventeenth century. This paper documents and examines these payments. Using an event study, I establish that after the Glorious Revolution in 1688 when the Company's monopoly in ...
Jose Rowell Corpuz
wiley +1 more source
Nash Bargaining Over Margin Loans to Kelly Gamblers
Risks, 2019 I derive practical formulas for optimal arrangements between sophisticated stock market investors (continuous-time Kelly gamblers or, more generally, CRRA investors) and the brokers who lend them cash for leveraged bets on a high Sharpe asset (i.e., the ...
Alex Garivaltis
doaj +1 more source