AND DANIEL ADLER I n May 2016, after conducting a years-long study on the use of arbitration agreements in consumer finance, the Consumer Financial Protection Bureau announced its plan to limit the use of class action waivers in pre-dispute arbitration agreements. The CFPB’s proposal, if enacted into law unchanged, could face significant legal challenges. At bottom, the proposal rests on the fl...

In a case of first impression in the state of New York, the highest state court decided that a prior written agreement between progenitors of frozen embryos regarding the disposition of their ?pre-zygotes? in the event of divorce is binding. By copying the general result arrived at by the Tennessee Supreme Court in Davis v. Davis in 1992, the New York court magnified the weight of authority in ...

We consider an infinite horizon bargaining game in which a deadline can arise with positive probability and where players possess an endogenous commitment device. We show that for any truncation of the game, the equilibrium agreement can only take place if the deadline arises within this finite horizon. Since the deadline is an uncertain event, the equilibrium exhibits agreements which are dela...

In a case of first impression in the state of New York, the highest state court decided that a prior written agreement between progenitors of frozen embryos regarding the disposition of their ?pre-zygotes? in the event of divorce is binding. By copying the general result arrived at by the Tennessee Supreme Court in Davis v. Davis in 1992, the New York court magnified the weight of authority in ...

In a case of first impression in the state of New York, the highest state court decided that a prior written agreement between progenitors of frozen embryos regarding the disposition of their ?pre-zygotes? in the event of divorce is binding. By copying the general result arrived at by the Tennessee Supreme Court in Davis v. Davis in 1992, the New York court magnified the weight of authority in ...

A seemingly mild assumption of the standard alternating offers bargaining model under risk is that the breakdown event is not strictly worse than the worst agreement. When this assumption is relaxed the structure of the equilibrium set of agreements changes in an interesting way. We analyse the effect of disagreement on equilibrium, and relate our result to a class of outside option models. Jou...

Theoretical analyses of international environmental agreements (IEAs) have typically employed the concept of self-enforcing agreements to predict the number of parties to such an agreement. The term self-enforcing, however, is a bit misleading. The concept refers to the stability of cooperative agreements, not to enforcing these agreements once they are in place. Most analyses of IEAs simply ig...

We consider a market where there is an agency relationship between the providers of a service or agents and their clients. Agents can choose to work alone or to have a sharing agreement with other agents. Sharing agreements create value by facilitating better matches between clients and agents, but they worsen incentives because of free riding. We show that in the context of a one shot game, th...

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There has been a dramatic increase in all forms of international cooperation in science, technology and innovation over the last three decades. This chapter focuses on a specific subset of such cooperative agreements: those that primarily (but not exclusively) involve firms that seek some commercial benefit from the outputs of interfirm collaboration, known as strategic technology partnering (S...