The American Economic Review, Volume 97American Economic Association., 2007 |
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Página 922
... activities . • Output is produced and sold , and the revenue R is distributed according to the bargaining agreement ... activities , x , the investment in noncon- tractible activities , and 7 the upfront payment to every supplier . That ...
... activities . • Output is produced and sold , and the revenue R is distributed according to the bargaining agreement ... activities , x , the investment in noncon- tractible activities , and 7 the upfront payment to every supplier . That ...
Página 925
... activities and thus underinvests in these activities . Second , as discussed above , multilateral bargaining distorts the perceived concavity of the private return relative to the social return . Using the first - order condition of ...
... activities and thus underinvests in these activities . Second , as discussed above , multilateral bargaining distorts the perceived concavity of the private return relative to the social return . Using the first - order condition of ...
Página 927
... activities than in contractible activities , in par- ticular , - - xm a ( 1 − y ) [ 1 − ẞ ( 1 − μ ) ] - ( 28 ) = Χρ B [ 1a ( 1 y ) ( 1 − μ ) ] - < 1 , which follows from equations ( 26 ) and ( 27 ) and from the fact that a ( 1 y ) ...
... activities than in contractible activities , in par- ticular , - - xm a ( 1 − y ) [ 1 − ẞ ( 1 − μ ) ] - ( 28 ) = Χρ B [ 1a ( 1 y ) ( 1 − μ ) ] - < 1 , which follows from equations ( 26 ) and ( 27 ) and from the fact that a ( 1 y ) ...
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EDMUND S PHELPS | 541 |
O 2 0 2007 | 713 |
ALMA COHEN AND LIRAN EINAV | 745 |
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