The Nash bargaining solution of a modified bargaining problem in the contract space yields the pair of stationary … vanishes, convergence to the Nash bargaining solution is immediate by the Maximum Theorem. Numerical implementation in standard …

The bargaining model with stochastic order of proposing players is properly embedded in continuous time and it is … the Nash bargaining solution of a modified bargaining problem and the Maximum Theorem implies convergence to the Nash … bargaining solution when time between proposals vanishes. The model unifies alternating offers, one-sided offers and random …

bargaining frontier. However, when players have different time preferences, intertemporal trade may lead to continuation payoffs … above the bargaining frontier. We provide a thorough study of this problem without imposing the conventional assumption. Our …

This paper argues that the notion of focal points is important in understanding bargaining processes. Recent literature … confines a discussion of the usefulness of the notion to coordination problems and when bargaining experiments result in … equal split division and it re-interprets recent experimental evidence in bargaining games. Experimental economists should …

We study a bargaining model with a disagreement game between offers and counteroffers. In order to characterize the set …

We analyze the simplest Condorcet cycle with three players and three alternatives within a strategic bargaining model …

market power when other firms are of high quality. High quality firms charge higher prices than low quality firms but lose … business to rival firms with higher probability. Some of the revealing equilibria involve high degree of market power (price …

Short-term contracts and exogenous productivity growth are introduced in a simple wage bargaining model. The … if strike is credible, but never when strike is not credible. In the limit as time between bargaining rounds vanishes …