Helsinki GSE Discussion Papers

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Helsinki GSE Discussion Papers

Showing 6 publications

  • Selective Programs
  • Auctions
  • Bargaining
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  • Commitment in Sequential Bargaining - An Experiment

    Nadine Chlaß and Topi Miettinen

    Schelling (1956) first clarified how power to reduce one’s freedom of choice might benefit a bargaining party. A commitment to reject proposals, when successful, may force concessions from opponents …

    Discussion paper

  • Markets, Contracts, or Firms? A Simple Model of Governance

    Tore Ellingsen and Topi Miettinen

    We build a simple formal model of governance. Investments and control rights over assets and labor are fully contractible, but final production decisions are ex ante uncontractible, and ex post …

    Discussion paper

  • Affiliated Common Value Auctions with Costly Entry

    Pauli Murto and Juuso Välimäki

    Many auctions and procurement contests entail nontrivial bidding costs, which makes the bidders’ participation decisions endogenous to the auction design. We analyze the effect of different auction …

    Discussion paper

  • Commitment and Conflict in Multilateral Bargaining

    Topi Miettinen and Christoph Vanberg

    We theoretically investigate the effects of strategic pre-commitment in multilateral dynamic bargaining. Each round features a commitment stage in which players can declare that they will reject any …

    Discussion paper