Market completeness has important implications for household behavior. I firmly reject complete markets for …

function can be explained by Nash bargaining between workers and employers. Under fairly mild assumptions, Nash bargaining … exceed the wage reward. This paper reviews the established empirical regularities and then provides Nash bargaining results … that explain these regularities. -- overeducation ; undereducation ; Nash bargaining ; qualitative mismatches ; Mincer …

We study bilateral bargaining problems with interested third parties, the stakeholders that enjoy benefits upon a … enters bargaining directly. Our results lend support to the tendency towards decentralisation of pay bargaining in the public …

We conduct multi-person one-shot ultimatum games that reflect important aspects of collective bargaining. In all …

markets, spousal specialization may not occur unless there exists a commitment mechanism. However, when the sex ratio is not …, matching in asymmetric marriage markets induces spousal cooperation and specialization. -- collective model ; marriage …

The labor economics literature has shown that the "efficient bargaining" model, in which wage and employment are … negotiated simultaneously, is less frequently used on unionized markets than the less efficient "right-to-manage" model, in which … wage is determined via bargaining and employment determined subsequently and unilaterally by the firm. This paper reports …

We experimentally investigate multiple notions of equity in ultimatum bargaining with asymmetric outside options …

We investigate experimentally how the menstrual cycle affects bargaining behavior and bargaining outcomes of women …. Female participants negotiate in an unstructured bilateral bargaining game with asymmetric information about the allocation … of a surplus ('pie size'). We find that the menstrual cycle affects bargaining behavior and that the effects depend on …

In many markets, sellers advertise their good with an asking price. This is a price at which the seller is willing to … variety of real world markets, asking prices have received little attention in the academic literature. We construct an …