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

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 …

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 …

bargaining, leading to stronger effort incentives and higher output. However, it also reduces incentives for labor market … better educated works affect this trade-off. -- unemployment benefits ; incentive contracts ; Nash bargaining ; moral hazard …

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 …