Bargaining Position, Bargaining Power, and the Property Rights Approach

@article{Schmitz2013BargainingPB,
  title={Bargaining Position, Bargaining Power, and the Property Rights Approach},
  author={Patrick W. Schmitz},
  journal={CEPR Discussion Paper Series},
  year={2013}
}
  • P. Schmitz
  • Published 1 January 2013
  • Economics
  • CEPR Discussion Paper Series
View on SSRN
mpra.ub.uni-muenchen.de
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References

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Information Gathering, Transaction Costs, and the Property Rights Approach
The property rights approach to the theory of the firm suggests that ownership structures are chosen in order to provide ex ante investment incentives, while bargaining is ex post efficient. In…
Incomplete Contracts and Optimal Ownership of Public Goods
Noncooperative Bargaining, Hostages, and Optimal Asset Ownership
This paper re-examines the effect of asset ownership on investment decisions for a joint relationship in the absence of contracts on investment levels. It obtains some results which contradict…
Public versus Private Ownership: Quantity Contracts and the Allocation of Investment Tasks
The government wants a certain good or service to be provided. Should the required assets be publicly or privately owned or should a partnership be formed? Building on the incomplete contracting…
Does Asset Ownership Always Motivate Managers? Outside Options and the Property Rights Theory of the Firm
This paper studies the Grossman-Hart-Moore (GHM) "property rights" approach to the theory of the firm under alternating-offers bargaining. When managers can pursue other occupations while negotiating…
Joint Ownership and the Hold-Up Problem under Asymmetric Information
The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration
Our theory of costly contracts emphasizes that contractual rights can be of two types: specific rights and residual rights. When it is costly to list all specific rights over assets in the contract,…
Expectation Damages, Divisible Contracts, and Bilateral Investment
This paper examines the efficiency of expectation damages as a breach remedy in a bilateral trade setting with renegotiation and relationship-specific investment by the buyer and the seller. As…
Reputation and Allocation of Ownership
The allocation of ownership matters even in long--term relationships. Ownership structure is chosen to encourage co--operation. The optimal ownership structure of the static game restricts the gain…
Cheap Talk about Specific Investments
We consider a problem in which a buyer has private information about the efficient scale or nature of a relationship-specific investment by a producer. We show that reducing the producer's ex post…
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