Deadline effects and inefficient delay in bargaining with endogenous commitment

Article Abstract:

Negotiators delay agreements until deadline if there exists an assumption of endogenous commitment, and if the common discount factor is close to one. An explanation for delay in negotiations is presented based on a two-person bargaining process model with a nonstationary structure. The model features a deadline and the assumption that a player cannot accept a proposal poorer than one already rejected. Implications for arbitration deadlines are discussed.

Analysis, Negotiation, Negotiations

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Complexity considerations and market behavior

Article Abstract:

An analysis of market behavior is presented. Theanalysis considers firms which have minimal ability to manage complex changes in market conditions and strategic interaction. Results show that market behavior is influenced by restrictions on the complexity of strategies. In addition, firms which are present in multiple markets may elect to leave one market as they enter another. Thus, such complexity sometimes functions as an entry barrier.

Management, Financial markets, Industrial organization

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The effect of the Arab boycott on Israel: the automobile market

Article Abstract:

A model on the effectiveness of economic sanctions, as exemplified by the Arab boycott on Israel, showed that such boycotts have significant effects for some industry while attenuating overall consumer welfare loss. An analysis of the Israeli automobile market after the Arab boycott showed that the market increased by 12% with consumer surplus increasing by 28% on the order of $3,007 per purchaser as of the 1995 dataset.

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Restraint of Trade, Models, Israel, Automobile industry, Economic sanctions, Sanctions (International law), Market share

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