We consider a model of bargaining by concessions where agents can terminate negotiations by accepting the settlement of … with that of arbitrators that act on principle - ignoring prior concessions. We show that while the impact of arbitration … pragmatically. What system of arbitration has the best ex-ante performance depends on the distributions of arbitration and …

for bargaining over the treaty’s terms. This paper makes a first attempt at modeling the conflicting goals in treaty … formation by analyzing a cooperative bargaining model of tax determination. In a simple framework, we develop hypotheses about …. We find that treaty-specified withholding taxes vary in a systematic way that is consistent with our simple bargaining …

We study the impact on asset prices of illiquidity associated with search and bargaining in an economy in which agents …

We study the impact on asset prices of illiquidity associated with search and bargaining in an economy in which agents …

offers bargaining and repeated games. Despite the forces of bargaining, the negotiation game in general admits a large number … equilibria survive. Thus, complexity and bargaining in tandem may offer an explanation for co-operation in repeated games …