Investments in managerial skills and bargaining over inputs
AbstractThis paper analyzes the incentives of the members of a committee to acquire skills, when they will share a fixed budget among them in ex-post negotiations. Skills are interpreted as the ability to manage a collective budget, in the sense that shares assigned to skilled agents generate positive externalities to all members. In this setting, the equilibrium generally displays an over-qualified population.
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Bibliographic InfoPaper provided by Universitat de les Illes Balears, Departament d'Economía Aplicada in its series DEA Working Papers with number 54.
Date of creation: 2013
Date of revision:
Investments; Hold-up; Multilateral bargaining; Skills; Externalities;
Find related papers by JEL classification:
- C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
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