@techreport{Gersbach2006Voice,
abstract = {We propose a formal concept of the power of voice in the context of a simple model where
individuals form groups and trade in competitive markets. Individuals use outside options in
two different ways. Actual outside options reflect the possibility to exit or to join other
existing groups. Hypothetical outside options refer to hypothetical groups that are ultimately
not formed. Articulation of hypothetical outside options in the bargaining process determines
the relative bargaining power of the members of a group, which constitutes an instance of the
power of voice. The adopted equilibrium concept endogenizes the outside options as well as
the power of voice. In our illustrative example, there exists an equilibrium that uniquely
determines the power of voice and the allocation of commodities.},
author = {Hans Gersbach and Hans Haller},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {D13; D5; D71; 330; Power of Voice; competitive equilibria; group formation; bargaining; articulation of outside options; Verhandlungstheorie; Abwanderung und Widerspruch; Macht; Wettbewerb; Gleichgewicht; Theorie},
language = {eng},
number = {1668},
title = {Voice and bargaining power},
type = {CESifo working papers},
url = {http://hdl.handle.net/10419/19132},
year = {2006}
}
