SBE - RCUK: Sequential Bargaining with Externalities

该奖项资助经济理论研究，建立个人如何参与提供公共产品和开展联合项目的团体的新模型。这些模型将为我们研究各种不同的应用提供新的方法。它们可以用来研究个人如何参与创建开源软件的集体努力，债权人如何就破产重组进行谈判，非营利领导人如何为具有多个目标的组织筹集资金，以及人们如何做出采用新技术的决定。该项目可能会产生更好的想法，如何最好地协调个人的努力和贡献，以推进重要的团队目标。该研究研究在交易摩擦的环境中对公共产品和联合项目的连续贡献。第一个组成部分侧重于委托人的存在，作为完成单一公益或集体协议的协调来源。分析认为，加强正式的谈判能力的代理人相对于委托人的结果和福利的影响。第二部分研究在完全分散的环境中，没有一个主要的竞争性公共产品的连续贡献。该团队研究效率，延迟，以及任务和团队合作的最佳组织。第三个组件将委托人引入多个联合项目环境。研究人员研究校长如何积极管理多个项目产生的跨期外部性。学生们将通过参与该项目，探索在不同假设下的模型结果，并帮助进行数值计算而受益。该奖项反映了NSF的法定使命，并通过使用基金会的智力价值和更广泛的影响审查标准进行评估，被认为值得支持。

This award funds research in economic theory that builds new models of how individuals participate in groups that provide public goods and carry out joint projects. These models will give us new methods to study a variety of different applications. They can be used to study how individuals participate in a collective effort to create open-source software, how creditors bargain over bankruptcy restructuring, how non-profit leaders can raise funds for an organization with multiple goals, and how people make decisions to adopt new technologies. The project could result in better ideas for how to best coordinate individual efforts and contributions to advance important team goals.The research studies sequential contributions to public goods and joint projects in environments with transactional frictions. The first component focuses on the presence of a principal as a source of coordination for the completion of a single public good or collective agreement. The analysis considers the effect on outcomes and welfare of strengthening the formal bargaining power of agents relative to the principal. The second component studies sequential contributions to competing public goods in a fully decentralized environment without a principal. The team studies efficiency, delay, and the optimal organization of tasks and teamwork. The third component introduces a principal into the multiple joint projects environment. The researchers study how principals actively manage the intertemporal externalities generated by multiple projects. Students will benefit from participating in the project through exploring the results of the models under alternative assumptions and aiding in the numerical computations.This award reflects NSF's statutory mission and has been deemed worthy of support through evaluation using the Foundation's intellectual merit and broader impacts review criteria.