We consider a competitive search model where firms with vacancies choose between posting a wage ex-ante and bargaining …-up problem associated with bargaining but are incomplete since they cannot be contingent on worker qualifications. In contrast … the hold-up problem is mild and workers' heterogeneity is large, firms opt for bargaining. Yet equilibria with bargaining …

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 stakes are substantial, there are no restrictions on the negotiations or the terms of a deal, outside options are …

sudden freezes. The model also provides an explicit formula for the haircut in secured borrowing or repo transactions. …

Does demand for safety create instability ? Secured (repo) funding can be made so safe that it never runs, but shifts …. While secured funding combined with high yield unsecured debt may reduce instability, the private choice of repo funding …

We consider a frictional two-sided matching market in which one side uses public cheap-talk announcements so as to …