Advanced Search
MyIDEAS: Login

Bargaining with imperfect enforcement

Contents:

Author Info

  • Lucy White
  • Mark Williams
Registered author(s):

    Abstract

    The game-theoretic bargaining literature insists on a noncooperative bargaining procedure but implicitly assumes cooperative implementation of agreements. In reality, courts cannot implement agreements costlessly, and parties often prefer to use noncooperative implementation. We present a bargaining model which incorporates the idea that agreements may be enforced noncooperatively. We show that this has a substantial impact in limiting the inequality of agreements, and results in a nonmonotonicity of the discount rate. The model also explains why some parties may have incentives to deliberately write incomplete contracts as a way to enhance their bargaining power. Copyright (c) 2009, RAND.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.blackwell-synergy.com/doi/abs/10.1111/j.1756-2171.2009.00067.x
    File Function: link to full text
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Bibliographic Info

    Article provided by RAND Corporation in its journal The RAND Journal of Economics.

    Volume (Year): 40 (2009)
    Issue (Month): 2 ()
    Pages: 317-339

    as in new window
    Handle: RePEc:bla:randje:v:40:y:2009:i:2:p:317-339

    Contact details of provider:
    Postal: 1776 Main Street, P.O. Box 2138, Santa Monica, California 90407-2138
    Phone: 310-393-0411
    Fax: 310-393-4818
    Email:
    Web page: http://www.blackwellpublishing.com/journal.asp?ref=0741-6261
    More information through EDIRC

    Order Information:
    Web: http://www.blackwellpublishing.com/journal.asp?ref=0741-6261

    Related research

    Keywords:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as in new window

    Cited by:
    1. Delpeuch, Claire & Vandeplas, Anneleen, 2011. "Revisiting the "Cotton Problem" - A Comparative Analysis of Cotton Reforms in Sub-Saharan Africa," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 114446, European Association of Agricultural Economists.

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:bla:randje:v:40:y:2009:i:2:p:317-339. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.