We compare the bargaining power of the patentee under American and English rules of legal costs allocation. Using the Nash Bargaining Game framework, we show that litigation can be a Pareto efficient outcome. The cooperative game framework allows us to examine how the institutional and market factors influence bargaining powers of plaintiff and defendant under different rules of legal cost allo...

The issue of power in distribution channels remains a topic of interest among both practitioners and researchers of marketing. This interest has, no doubt, been fueled by the growing power of retailers and the emergence of retail powerhouses such as Walmart. Power, in a distribution channels context, is often de…ned as the ability to appropriate a larger share of the total channel surplus. In a...

We study the role of an imbalance in fighting strengths when players bargain in the shadow of conflict. Our experimental results suggest: In a simple bargaining game with an exogenous mediation proposal, the likelihood of conflict is independent of the balance of power. If bargaining involves endogenous demand choices, however, the likelihood of conflict is higher if power is more imbalanced. E...

Over the past century, collaborative work has become increasingly common in academia [61]. In the sciences, it has continued to spread as a practice across disciplines and countries [50, 51]. In fact, in most scientific fields, the majority of published work is now co-authored [40]. The social sciences, likewise, have seen an increase in collaborative work, particularly in fields like economics...

The theory of bargaining as formulated by Nash (1950, 1953) has developed along two routes. One is axiomatic (e.g., Nash 1950; Kalai and Smorodinsky 1975; Roemer 1988). Here, the negotiation process underlying the bargaining is only implicit. The idea is to try to characterize the negotiated outcome (the solution) through a set of axioms without formally modeling the process. The advantages of ...

Does power sharing between competing elites result in franchise extension to non-elites? In this paper, we argue that competing, risk-averse elites will enfranchise non-elites as insurance against future, uncertain imbalances in relative bargaining power. We show that negligibly small changes in the bargaining power of non-elites, conditional on enfranchisment, via coalition formation, constrai...