Hard bargains and lost opportunities

Article Abstract:

The use of the outside options game to model how hard bargains can lead to lost opportunities showed that such a case is true due to the inability of the bargaining parties to achieve efficient outcomes from the interaction. This is contrary to traditional thinking that posits the exploitation of any potential gains, especially in bargaining cases, where clear cut gains are anticipated due to the parties' participation in the creation of the surplus.

Models, Profit, Profits, Negotiation, Negotiations, Commerce

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Are grains of sand in the wheels of international finance sufficient to do the job when boulders are often required?

Article Abstract:

An analysis of the effectiveness of the Tobin tax in reducing the volatility of foreign currency exchange rates reveals that the impact will be negligible than expected. A better way to reduce speculative activities in the international financial market should be sought since the Tobin Tax is a deterrent to the growth of the market. Drastic measures should be employed if the volatility of the exchange market is to be reduced.

Administration of General Economic Programs, Currency Stabilization Programs, Research, Economic aspects, Reports, Foreign exchange, Tax research, International finance, Currency stabilization

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