Article ID Journal Published Year Pages File Type
969996 Journal of Public Economics 2013 12 Pages PDF
Abstract
► We consider the efficiency of Coasean bargaining with restricted bargaining outcomes. ► Bargaining restrictions may be Pareto superior to unconstrained voluntary bargaining. ► A trade-off exists between lower appropriation costs and allocatively inefficient outcomes.
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Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Restricted Coasean bargaining
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