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

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 …

the seller’s relative bargaining power and bargaining share. This in turn fosters the seller’s incentives to invest even …

We model takeovers as a bargaining process and explain termination fees for, both, the target and the acquirer, subject … to parties’ bargaining power and outside options. In equilibrium, termination fees are offered by firms with outside … options in exchange for a greater share of merger synergies. Termination fees decrease in firms’ bargaining power, and …

There is strong evidence that people exploit their bargaining power in competitive markets but not in bilateral … bargaining situations. There is also strong evidence that people exploit free-riding opportunities in voluntary cooperation games …

This Paper analyses bargaining between the European Parliament (EP) and the Council of Ministers (CM) in the …

This paper studies a dynamic bargaining model with informational externalities between bargaining pairs. Two principals …

collaborate after non-contractible investments have been made. Most contributions apply the regular Nash bargaining solution. We … explore the implications of using the generalized Nash bargaining solution. A prominent finding regarding the suboptimality of … to give ownership to a party whose investments are less productive, provided that this party's ex-post bargaining power …