I estimate a search-and-bargaining model of a decentralized market to quantify the effects of trading frictions on …

competition by common carriage between adjacent utilities are valuable alternatives to improve the industry’s efficiency, even … have similar effects. This paper analyzes and compares the relevant welfare gains and shows that production efficiency and … bargaining power. Using a theoretical model, we show that at higher initial production cost differentials, welfare is higher …

ultimately not formed. Articulation of hypothetical outside options in the bargaining process determines the relative bargaining …, competitive equilibrium with free group formation and bargaining cum voice, endogenizes the outside options as well as the power …

their bargaining power is low, in which case they prefer wholesale price contracts. While welfare is maximized under two …

and firms threat points in the bargaining process induced by trade. To estimate this model, I use a unique matched … my results, I find a bargaining power below 0.20. I also show that workers’ wages deteriorate through competitive …

Palestinian factions. We conjecture that these differences are due to the different positions of the factions vis-à-vis bargaining …

available and an efficiency ranking is feasible: tariffs vs. non-tariff barriers (NTBs). In our policy choice model a government … bargaining with domestic SIGs can gain by constraining tariffs through international agreements even if this leads to the use of … constraints depends on the government's bargaining power relative to SIGs. Using detailed data, we confirm that tariff constraints …

We study bargaining at the end of high-stakes poker tournaments, in which participants often negotiate a division of … the prize money rather than bear the risk of playing the game until the end. This setting is ideal for studying bargaining …