bargaining models between unions and firms. While the Nash bargaining solution is unaffected by minimum wages below initially … bargained wages, we show that such minimum wages can drive up wages – and be harmful to employment – when bargaining follows the …

constitutional reforms. In a setting where lawmakers interact with a lobby through a bargaining process and with voters by means of … elections, we show that when time constraints are binding, bicameralism might lead to a decline in the legislator's bargaining …

This paper analyzes the effects of taxation on information acquisition and bilateral trade in decentralized markets. We … show that a profit tax and a transaction tax have opposite implications for equilibrium outcome in bargaining. A marginal … information and increases the probability of trade. In markets where there are gains from trade and private information …

This paper studies the stability of socially responsible behavior in markets. We develop a laboratory product market in …

additional bargaining power. Negotiating as a group may also cause more inefficiencies due to bargaining failure, and this may …

We consider a bargaining model in which husband and wife decide on the allocation of time and disposable income. Since … her bargaining power would go down otherwise more strongly, the wife agrees to have a child only if the husband also …