Industrial Organization Commons^™

Sequential Bargaining Mechanisms, Peter Cramton

Peter Cramton

The introductory discussion presented in this chapter considers the simplest type of sequential bargaining games in which the players’ time preferences are described by known and fixed discount rates. I begin by characterizing the class of perfect bargaining mechanisms, which satisfy the desirable properties of incentive compatibility (i.e., each player reports his type truthfully), individual rationality (i.e., every potential player wishes to play the game), and sequential rationality (i.e., it is never common knowledge that the mechanism induced over time is dominated by an alternative mechanism). It is shown that ex post efficiency is unobtainable by any incentive-compatible and individually …

Bargaining With Incomplete Information: An Infinite-Horizon Model With Two-Sided Uncertainty, Peter Cramton

Peter Cramton

The resolution of any bargaining conflict depends crucially on the relative urgency of the agents to reach agreement and the information each agent has about the others’ preferences. This paper explores, within the context of an infinite-horizon bargaining model with two-sided uncertainty, how timing and information affect the rational behavior of agents when commitment is not possible. Since the bargainers are uncertain about whether trade is desirable, they must communicate some of their private information before an agreement can be reached. This need for learning, due to incomplete information about preferences, results in bargaining inefficiencies: trade often occurs after costly …

Union Traditions And Economic Policy In Ri, Chester Smolski

Smolski Texts

"When compared with the rest of the nation, Rhode Island stands out as a highly unionized state. A recent study released by the Department of Labor shows that 108,000 of the 398,000 employed in the state in 1978 were union members. Membership in associations such as the National Education Association and others adds a further 11,000 persons to the list. This total of 119,000 union and association members represents 29.9 percent of total employment on non-agricultural payrolls, ranking Rhode Island 13th in the nation and highest in New England which, as a region, averages 26.6 percent, and the same figure, …

Competition For Jobs, Chester Smolski

Smolski Texts

"Where will the jobs be in the 1980s? Where are the best areas for potential economic growth in the next decade? What urban centers and states will be magnets to draw fellow Americans because of the promise of a better life? Based on a recent study, Chase Econometrics, a subsidiary of Chase Manhattan Bank, has forecast what it believes to be the answers to some of these questions."

Would A Westerly Mall Benefit The Entire Town?, Chester Smolski

Smolski Texts

"It is the largest urban center in southwestern Rhode Island but, in reality, it is just a small town with a population approaching 20,000. A good example of small-town America, it is an attractive community and one in which residents take a good deal of pride."

City Need Is Jobs For Young, Chester Smolski

Smolski Texts

"The federal Housing and Community Development Act of 1974 was a landmark piece of legislation which continues to benefit communities in need. Over the past three years Providence has received close to $27 million which has been spent to improve housing, parks and historic buildings in addition to building and servicing community centers. The focus of this major legislation was on physical and social improvement of the community. The one unprovided area was economic development."

The Benefits Reaped From Block Grant Fund Will Increase, Chester Smolski

Smolski Texts

"The Housing and Community Development Act of 1974 signed into law by President Ford was a landmark piece of legistlation. It provided federal money for communities in block grants, with each local community making its own decisions as to the distrubution of these funds in areas such as housing, parks and community facilities."

Economic Integration And Economic Development In Central America, Angel David Sandoval

Economics ETDs

The thesis of this paper is that economic integration can lead Central America to much higher levels of living for her people, but this will be accomplished only if the economic structure of the region is greatly modified. Correcting the structural faults of the Central American economics will also require economic integration. Such structural weaknesses as inadequate medical personal care, limited provision for education of the masses, out-moded fiscal systems, insufficient and inefficient transportation systems, lethargic public administration, the great gap between the incomes of upper classes and the masses of the people, and the concentration of land ownership in …

The Raisin Industry Of California, John W. Farrar

University of the Pacific Theses and Dissertations

This thesis has been prepared as a partial fulfillment of the requirements for the degree of faster of Arts, prescribed by the College of the Pacific, Stockton, California. It is sincerely hoped that it will be found useful to all of those who are at all interested in the great industry of raisin making, which has played no small part in the building up of the great San Joaquin Valley and has been responsible for bringing the much needed irrigation system to the valley.

Various types of data are here available, including personal opinions from the foremost leaders of the …