Relative Concerns and Delays in Bargaining with Private Information
نویسندگان
چکیده
منابع مشابه
Relative Concerns and Delays in Bargaining with Private Information
We consider Rubinstein’s two-person alternating-offer bargaining model with two-sided incomplete information. We investigate the effects of one party having relative concerns about the bargaining outcome and the delay in reaching an agreement. We find that facing an opponent with stronger relative concerns only hurts the bargainer when she is stronger than her opponent. In addition, we show tha...
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This paper studies a dynamic matching market with two-sided private information bilateral bargaining. The model is a private information replica of Mortensen and Wright (2002). There are two kinds of frictions: time discounting at the rate r and explicit search costs. A simple necessary and su cient condition on parameters for no market breakdown is obtained. This condition is the same regardle...
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We consider a model of wage determination with private information in a duopoly. We investigate the effects of unions having relative concerns on the negotiated wage and the strike activity. We show that an increase of unions' relative concerns has an ambiguous effect on the strike activity.
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thank Björn Brügemann, Bob Hall, Giuseppe Moscarini, Rob Shimer, and the participants in seminars at Northwestern, Yale and Duke for useful comments. I also thank the editor and two anonymous referees for their constructive criticism. I am particularly grateful to Rob Shimer for pointing out a serious mistake in early versions of the paper. The National Science Foundation provided research supp...
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ژورنال
عنوان ژورنال: Games
سال: 2013
ISSN: 2073-4336
DOI: 10.3390/g4030329