| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7774 |
| DP7774 Bargaining cum Voice | |
| Hans Gersbach; Hans Haller | |
| 发表日期 | 2010-04-04 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | We propose a formal concept of the power of voice in the context of a simple model where individuals form groups and trade in competitive markets. Individuals use outside options in two different ways. Actual outside options reflect the possibility to exit or to join other existing groups. Hypothetical outside options refer to hypothetical groups that are ultimately not formed. Articulation of hypothetical outside options in the bargaining process determines the relative bargaining power of the members of a group, which constitutes an instance of the power of voice. The adopted equilibrium concept, competitive equilibrium with free group formation and bargaining cum voice, endogenizes the outside options as well as the power of voice. We establish existence of such equilibria and we explore their properties. |
| 主题 | Industrial Organization |
| 关键词 | Articulation of outside options Bargaining Competitive equilibria Group formation Power of voice |
| URL | https://cepr.org/publications/dp7774 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536610 |
| 推荐引用方式 GB/T 7714 | Hans Gersbach,Hans Haller. DP7774 Bargaining cum Voice. 2010. |
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