EconPapers    
Economics at your fingertips  
 

Joint Outside Options

Paola Manzini () and Marco Mariotti

Game Theory and Information from EconWPA

Abstract: Several contractual situations are such that the parties may `step out' of negotiations and take up outside opportunities only if there is mutual consent to do so. Examples include some forms of employer- employee negotiations, divorce procedures and arbitration. To analyse such cases we develop the general concept of a `joint outside option' and study its effect in the standard bargaining game. Examples from the economics of divorce and theory of the firm are considered in some depth.

Keywords: Bargaining (search for similar items in EconPapers)
JEL-codes: C78 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-gth and nep-mic
Date: 1999-01-21
Note: Type of Document - pdf; prepared on PC-TEX; to print on HP;
References: Add references at CitEc
Citations View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link)
http://econwpa.repec.org/eps/game/papers/9901/9901001.pdf (application/pdf)

Related works:
Working Paper: Joint Outside Options (1999) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpga:9901001

Access Statistics for this paper

More papers in Game Theory and Information from EconWPA
Series data maintained by EconWPA ().

 
Page updated 2017-12-17
Handle: RePEc:wpa:wuwpga:9901001