Ciccarone, Giuseppe; Giuli, Francesco; Marchetti, Enrico - In: Economics Letters 118 (2013) 2, pp. 375-377
We show that in a modified Mortensen–Pissarides model the bargaining weights depend on the players’ loss-aversion parameters. These weights can hence be calibrated without resorting to an assessment of players’ bargaining powers, which have proved difficult to empirically establish.