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.
Publication Name: Economic Journal
Subject: Economics
ISSN: 0013-0133
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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.
Publication Name: Economic Journal
Subject: Economics
ISSN: 0013-0133
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Persistence in foreign exchange rates. Some international evidence on the stochastic behavior of interest rates
- Abstracts: Business retention: the basics and beyond. Locked in the twilight zone: business retention fails the strategic value test
- Abstracts: New Zealand trade policy and the 1996 WTO Review. Privatisation in the Visegrad countries: a comparative assessment
- Abstracts: Superexogeneity and the dynamic linkages among international equity markets. Stock returns and volatility in emerging financial markets
- Abstracts: Monetary policy, delegation and polarisation. Men without children