Results 71 to 80 of about 917 (201)

The Nash bargaining solution is optimal [PDF]

Journal of Economic Theory, 1986
The author studies the classical two-person bargaining game. The set F consists of all bargaining solutions that satisfy the following known axioms: Pareto optimality, scale invariance, symmetry and risk sensitivity. It is proved that for any bargaining game S the set \(\{\) f(S): \(f\in S\}\) is closed and connected. A meta bargaining game \(\Gamma\) (
openaire   +4 more sources

Serial Investing and Strategic Commitment in Markets With Unknown Competitors

Journal of Economics &Management Strategy, EarlyView.
ABSTRACT We study how serial investors who regularly face unknown competitors attempt to make their projects dominant. Innovating in new markets often involves uncertainty over the nature of the final product and who the key competitors will be. Such projects also have long‐term funding needs, so a commitment to provide the necessary funds imparts a ...
Naveen Khanna, Richmond Mathews
wiley   +1 more source

One‐Way Versus Two‐Way Postacquisition Integration Efforts: Theory and Evidence

Journal of Economics &Management Strategy, EarlyView.
ABSTRACT We develop a theory of postacquisition integration that distinguishes between one‐way (acquirer‐only) and two‐way (mutual) effort strategies. We argue that the method of payment—cash versus shares—may serve as an ex ante commitment mechanism to a particular integration strategy, where cash deals align with unilateral effort, and share deals ...
Albert Banal‐Estañol, Joseph A. Clougherty, Jo Seldeslachts, Florian Szücs   +3 more
wiley   +1 more source

Distributed Dispatch and Profit Allocation for Parks Using Co-Operative Game Theory and the Generalized Nash Bargaining Approach

Energies
To improve the regulatory capacity of distributed resources within the park and enhance the flexibility of market transactions, this paper introduces a distributed dispatch and profit allocation method grounded in cooperative game theory and the ...
Hanwen Wang, Xiang Li, Haojun Hu, Yizhou Zhou   +3 more
doaj   +1 more source

Liquidity Crises and the Market‐Maker of Last Resort

Journal of Money, Credit and Banking, EarlyView.
Abstract We study market illiquidity in an economy subject to nonfundamental shocks. Asset trading occurs via decentralized bargaining. The model has multiple rational expectations equilibria; we associate certain Pareto‐inferior equilibria with liquidity crises.
CHARLES M. KAHN, DAVID MARSHALL, ROBERT L. MCDONALD   +2 more
wiley   +1 more source

Nash Bargaining without Convexity

SSRN Electronic Journal, 2005
In this note I study Nash bargaining when the utility possibility set of the bargaining problem is non-convex. A simple variation of Nash's symmetry axiom is all that is necessary to establish a set valued version of Nash's solution in non-convex settings.
openaire   +2 more sources

Policy Biases in a Model with Labor‐Market Frictions

Journal of Money, Credit and Banking, EarlyView.
Abstract We develop a model with labor‐market matching frictions that is subject to a range of shocks, including shocks to matching efficiency and bargaining power, and use the model to examine how monetary policy should respond to such shocks. We show that optimal monetary policy responds effectively to these shocks, producing economic outcomes that ...
RICHARD DENNIS, TATIANA KIRSANOVA
wiley   +1 more source

Resolving water security conflicts in agriculture by a cooperative Nash bargaining approach

Agricultural Water Management
Water scarcity is increasingly driven by socio-economic dynamics, climate change, and population growth. Conflicts among water users, including states, complicate sustainable water management, necessitating collaborative solutions.
Shahmir Janjua, Duc-Anh An-Vo, Kathryn Reardon-Smith, Shahbaz Mushtaq   +3 more
doaj   +1 more source

Nash Bargaining Approach for Fair and Efficient LTE–WiFi Aggregation

IEEE Access, 2019
As the demand for mobile traffic is growing, radio frequency bandwidths often become insufficient for guaranteeing specific performance. Utilizing unlicensed 5 GHz broadband bandwidths, the LWA system enables the synergistic use of LTE and WiFi systems ...
Dohoon Kim, Keunhee Lee, Jae-Hoon Kim
doaj   +1 more source

Innovation, Licensing, and Competition: Evidence From Genetically Engineered Crops

The Journal of Industrial Economics, EarlyView.
ABSTRACT We provide a novel empirical analysis of the role of technology licensing, between competitors, for genetically engineered (GE) traits in the US seed industry. We extend the standard differentiated‐product Bertrand pricing model to include trait licensing, which permits us to recover marginal costs and (otherwise unobserved) royalty rates ...
GianCarlo Moschini, Edward D. Perry
wiley   +1 more source