Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/19132 
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dc.contributor.authorGersbach, Hansen
dc.contributor.authorHaller, Hansen
dc.date.accessioned2009-01-28T15:55:17Z-
dc.date.available2009-01-28T15:55:17Z-
dc.date.issued2006-
dc.identifier.urihttp://hdl.handle.net/10419/19132-
dc.description.abstractWe propose a formal concept of the power of voice in the context of a simple model whereindividuals form groups and trade in competitive markets. Individuals use outside options intwo different ways. Actual outside options reflect the possibility to exit or to join otherexisting groups. Hypothetical outside options refer to hypothetical groups that are ultimatelynot formed. Articulation of hypothetical outside options in the bargaining process determinesthe relative bargaining power of the members of a group, which constitutes an instance of thepower of voice. The adopted equilibrium concept endogenizes the outside options as well asthe power of voice. In our illustrative example, there exists an equilibrium that uniquelydetermines the power of voice and the allocation of commodities.en
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x1668en
dc.subject.jelD13en
dc.subject.jelD5en
dc.subject.jelD71en
dc.subject.ddc330en
dc.subject.keywordPower of Voiceen
dc.subject.keywordcompetitive equilibriaen
dc.subject.keywordgroup formationen
dc.subject.keywordbargainingen
dc.subject.keywordarticulation of outside optionsen
dc.subject.stwVerhandlungstheorieen
dc.subject.stwAbwanderung und Widerspruchen
dc.subject.stwMachten
dc.subject.stwWettbewerben
dc.subject.stwGleichgewichten
dc.subject.stwTheorieen
dc.titleVoice and bargaining power-
dc.typeWorking Paperen
dc.identifier.ppn510020992en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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