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We develop a private-information model of union contract negotiations in which disputes
signal a firm’s willingness to pay. Previous models have assumed that all labor disputes take
the form of a st...
The role of strategic delay is analyzed in an infinite-horizon alternating-offer model of bargaining. A buyer and seller are
engaged in the trade of a single object. Both bargainers have private info...
Bargaining Costs,Influence Costs and the Organization of Economic Activity
Bargaining Costs Influence Costs Organization of Economic Activity
2015/7/21
Bargaining Costs,Influence Costs and the Organization of Economic Activity.
The Effciency of Real-World Bargaining: Evidence from Wholesale Used-Auto Auctions
Bargaining incomplete information Myerson-Satterthwaite Theorem
2015/7/21
This study quanti es the eciency of a real-world bargaining game with two-sided incomplete information. Myerson and Satterthwaite (1983) and Williams (1987) derived the theoretical ecient frontier
...
This paper presents a new non-cooperative approach to multilateral bargaining. We consider a demand
game with the following additional ingredients: (i) there is an exogenous deadline, by which bargai...