efficiently according to the familiar Nash bargaining solution, we show that central negotiations lead to a lower employment level …This paper contributes to the analysis of central vs. decentral (firm-level) labour market negotiations. We argue that … during negotiations on a central scale employers and employees plausibly take output market effects into account, while they …

likelihood of agreement in bilateral negotiations over the provision of a public good when parties have private information over …

if the buyer's bargaining position is sufficiently strong. Moreover, we show that negotiations provide stronger … post. We show that this is achieved by bilateral negotiations but not by auctions. Negotiations strictly outperforms … use of negotiations as a procurement mechanism in private industry …

We study experimentally the effect of bargaining power in two sequential mechanisms that offer the possibility to trade … at a fixed price before an auction. In the “Buy-It-Now” format, the seller has the bargaining power and offers a price … effects of bargaining power on aggregate outcomes. There is, however, substantial heterogeneity within sellers. Sellers who …

ultimately not formed. Articulation of hypothetical outside options in the bargaining process determines the relative bargaining …

Recent international climate negotiations suggest that complete agreements are unlikely to materialize. Instead …-called matching approaches. Matching schemes are regarded as providing a promising approach to overcome under supply of public goods … like climate protection. The functioning of matching mechanisms in a setting with an incomplete agreement, i.e. a contract …

We examine the matching process using monthly panel data for local labour markets in Sweden. We find that an increase …

business cycle model with search and matching frictions. We extend the canonical model by including capital … types. We first find that, the model does a good job at matching the cyclical properties of sectoral employment and the wage …

all their candidates) only wage mechanisms that allow for ex post Bertrand competition generate the maximum matching on a …