efficiently according to the familiar Nash bargaining solution, we show that central negotiations lead to a lower employment level …

Real-world negotiations differ fundamentally from existing bargaining theory. Inspired by the Paris Agreement on … climate change, this paper develops a novel bargaining game in which each party quanti.es its own contribution (to a public …, each equilibrium pledge coincides with an asymmetric Nash bargaining solution. The weights placed on others. payouts …

We analyse the two-dimensional Nash bargaining solution (NBS) deploying a standard labour market negotiations model … (McDonald and Solow, 1981). We show that the two-dimensional bargaining problem can be decomposed into two one … implications for actual negotiations, as it allows for the decomposition of a multi-dimensional bargaining problem into simpler …

This paper analyses bargaining over an incentive compatible contract in a moral hazard framework. We introduce the … Kalai-Smorodinsky bargaining solution and compare the outcome with the commonly applied Nash solution. Whether worker …'s effort is higher in the Nash or the Kalai-Smorodinsky solution depends on the agents. bargaining power. If agents have equal …

affects bargaining demands and outcomes. We combine data from a bilateral bargaining experiment with data of trade networks in … the disclosure of participants’ identities in a bargaining pair. We derive hypotheses on how degree should affect behavior … and find partial support for them. Specifically, we observe that individual degree affects bargaining demands in the …

bargaining models between unions and firms. While the Nash bargaining solution is unaffected by minimum wages below initially … bargained wages, we show that such minimum wages can drive up wages - and be harmful to employment - when bargaining follows the … Kalai-Smorodinsky solution. -- minimum wage ; bargaining ; Kalai-Smorodinsky solution …