-riding on negotiation costs, even while preventing hold-up and reducing total negotiation costs. A calibrated version of the …

We study an over-the-counter (OTC) market with bilateral meetings and bargaining where the usefulness of assets, as …

represented by a legislator in the Congress. Legislative process is modeled as a multilateral sequential bargaining game à la … Baron and Ferejohn (1989). Some surprising results emerge: bargaining can be welfare-worsening for all participants … bargaining strategies …

We estimate a bargaining model of competition between hospitals and managed care organizations (MCOs) and use the … estimates to evaluate the effects of hospital mergers. We find that MCO bargaining restrains hospital prices significantly. The … prices. Remedies based on separate bargaining do not alleviate the price increases …

for the costs of political bargaining and lobbying that arise from implementing and administering government regulation …

, if the debtor country is unable to meet debt obligations, a bargaining regime determines the amount of debt repayment. In … the bargaining game will therefore be dependent (among other things) on the level of production in the debtor country. In … this framework, the paper shows that productive investment may increase or decrease the bargaining power of the debtor …