Going Alone Together
Joint Outside Options in Bilateral Negotiations
Bibliographic Data
| ID | 9703057 |
|---|---|
| Authors | Paola Manzini (0000-0001-5474-0512, Queen Mary, University of London and IZA), Marco Mariotti (0000-0002-5308-5154, Queen Mary University of London) |
| Year | 2004 |
| Volume | 114 |
| Issue | 498 |
| Pages | 943-960 |
| Publication date | 2004-10-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/j.1468-0297.2004.00250.x |
| OpenAlex | W2102533745 |
| Language | EN |
| Citations received | 3 |
| References cited | 24 |
Several contractual situations are such that the parties may 'step out' of negotiations and take up outside opportunities only if there is mutual consent to do so. Examples include employer - employee negotiations, divorce and inheritance procedures, and arbitration. To analyse such cases we develop the general concept of a 'joint outside option' and study its effect in the standard bargaining game. Examples from the international trade and theory of the firm are considered in some depth. Copyright 2004 Royal Economic Society
Arbitration · Business · Economics · Inheritance (genetic algorithm · International trade · Joint (building · Law and economics · Negotiation · Political science · Corporate Finance and Governance · Engineering · Law · Law, Economics, and Judicial Systems · Merger and Competition Analysis
Firms, Contracts, and Financial Structure
Bargaining Theory with Applications
Fair Division
Perfect Equilibrium in a Bargaining Model
Power in a Theory of the Firm
An Economic Theory of Gatt
The Nash Bargaining Solution in Economic Modelling
Property Rights and the Nature of the Firm
The Costs and Benefits of Ownership
Law, Property, and Marital Dissolution
| Unique citing works | 3 |
|---|---|
| Citations per year | 0,23 |
| Citation span | 2013 - 2025 (13) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 3 |