We examine the possibility of disagreement in a one period bargaining model with positive externalities. We find that when the externalities are relatively small no such disagreements can arise, i.e., there are no ex post bargaining inefficiencies. If, however, the externalities are large enough then disagreements occur with a positive probability. (C) 1998 Elsevier Science S.A. All rights reserved.
机构:
Meijo Univ, Fac Econ, Tempaku Ku, 1-501 Shiogamaguchi, Nagoya, Aichi 4688502, JapanMeijo Univ, Fac Econ, Tempaku Ku, 1-501 Shiogamaguchi, Nagoya, Aichi 4688502, Japan
Kawamori, Tomohiko
Miyakawa, Toshiji
论文数: 0引用数: 0
h-index: 0
机构:
Osaka Univ Econ, Fac Econ, Higashiyodogawa Ku, 2-2-8 Osumi, Osaka 5338533, JapanMeijo Univ, Fac Econ, Tempaku Ku, 1-501 Shiogamaguchi, Nagoya, Aichi 4688502, Japan