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The study of effects of the transparency of the bargaining procedure and information on incentives

Research Project

Project/Area Number 16K03569
Research Category

Grant-in-Aid for Scientific Research (C)

Allocation TypeMulti-year Fund
Section一般
Research Field Economic theory
Research InstitutionKindai University

Principal Investigator

Kiyotaki Fumi  近畿大学, 経済学部, 教授 (30319751)

Project Period (FY) 2016-04-01 – 2020-03-31
Project Status Completed (Fiscal Year 2019)
Budget Amount *help
¥2,340,000 (Direct Cost: ¥1,800,000、Indirect Cost: ¥540,000)
Fiscal Year 2019: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2018: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2017: ¥390,000 (Direct Cost: ¥300,000、Indirect Cost: ¥90,000)
Fiscal Year 2016: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Keywords非協力交渉ゲーム / 戦略的提携 / ホールドアップ問題 / 不完備契約 / 非協力提携交渉ゲーム / フリーライダー問題 / 提携交渉 / インセンティブ / 提携交渉ゲーム / 人事の経済学 / 複数エージェント / 契約理論
Outline of Final Research Achievements

I study the relationship between the dynamics of ex-post negotiations and incentives for ex-ante investments. I adopt three player noncooperative bargaining game where the proposer is selected with equal probability after the investment decision. The proposer can choose the group alliance immediately or individual alliances where the alliances are formed sequentially. When the discount factor is sufficiently high, the alliances are formed sequentially on the equilibrium and the option of individual alliances can provide incentives for cooperative investments. When the discount factor is not high, the group alliance is formed immediately but there are two cases about incentives. When the discount factor is sufficiently small, the option of individual alliance has no effect on incentives. On the other hand, the option of individual alliances plays a role of the threat for underinvestment under the intermediate discount factor and can provide incentives.

Academic Significance and Societal Importance of the Research Achievements

不完備契約の既存研究ではホールドアップ問題(過少投資)の解決策として、事前にどのようなシンプルな契約を書くことにより解決できるかといういうことに主眼を置いたものが多かった。本研究では事前に契約を工夫するというのではなく、事後的な提携交渉の仕方を柔軟にすることにより、ホールドアップ問題の解決を図るという意味で独創的である。
また、現在社会において企業提携がますますさかんに行われており、提携形成の仕方や各企の交渉力はさまざまである。現実の企業活動においても本研究が応用可能である点は社会的に意義があるといえる。

Report

(5 results)
  • 2019 Annual Research Report   Final Research Report ( PDF )
  • 2018 Research-status Report
  • 2017 Research-status Report
  • 2016 Research-status Report
  • Research Products

    (3 results)

All 2019 2017

All Presentation (3 results) (of which Int'l Joint Research: 3 results)

  • [Presentation] The Option of Sequential Alliances for Cooperative Investments2019

    • Author(s)
      Fumi Kiyotaki
    • Organizer
      European meeting on game Theory (SING15)
    • Related Report
      2019 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Do workers negotiate collectively or separately? An application of coalitional bargaining game with externalities2017

    • Author(s)
      Fumi Kiyotaki
    • Organizer
      The Econometric Society
    • Related Report
      2017 Research-status Report
    • Int'l Joint Research
  • [Presentation] Do workers negotiate collectively or separately? An application of coalitional bargaining game with externalities2017

    • Author(s)
      Toshiji Miyakawa
    • Organizer
      European meeting on Game Theory (SING 13)
    • Related Report
      2017 Research-status Report
    • Int'l Joint Research

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Published: 2016-04-21   Modified: 2021-02-19  

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