of biased expectations for wage bargaining, vacancy creation, worker flows and labor market policies. Importantly, we … find that under the widely used period-by-period Nash bargaining protocol, the model generates a counterfactual …

implications of biased expectations for wage bargaining, vacancy creation, worker flows and labor market policies. Importantly, we … find that the specific assumption about the frequency of wage bargaining crucially shapes the propagation mechanism through …

This paper analyzes fairness and bargaining in a dynamic bilateral matching market. Traders from both sides of the … market are pairwise matched to share the gains from trade. The bargaining outcome depends on the traders’ fairness attitudes … in isolated bilateral bargaining. …

We provide a framework for empirical analysis of negotiated-price markets. Using mortgage market data and a search and … discrimination, 22% with ineifficient matching, and 50% with search costs. Large consumer-base banks have margins 70% higher than …

negotiations take place. We show that, in the absence of any distortion, sector-level bargaining ought to be less efficient than …In this note, we extend the traditional search and matching framework to take account of the different levels at which … bargaining taking place at the other levels. It follows that the introduction of labor market policies as a combination of …