boundedly rational governments, thus, involves drastic efficiency losses. …

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 …

We experimentally investigate a bargaining environment in which players negotiate over a fixed payment to one player …. Moreover, bargaining frictions increase as risk increases, and we document more frequent disagreements as risk increases. When … bargaining models require some separation between the determinants of bargaining power and fair compensation for risk exposure. …

show that a profit tax and a transaction tax have opposite implications for equilibrium outcome in bargaining. A marginal …

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