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
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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
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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
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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
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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,
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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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