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Sequential Bargaining Under Asymmetric Information
Grossman, Sanford J. - 2012
We analyze an infinite stage, alternating offer bargaining game in which the buyer knows the gains from trade but the … length of bargaining …
Persistent link: https://www.econbiz.de/10012755371
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The Inflation-Unemployment Trade-Off at Low Inflation
Benigno, Pierpaolo - 2010
Wage setters take into account the future consequences of their current wage choices in the presence of downward nominal wage rigidities. Several interesting implications arise. First, a closed-form solution for a long-run Phillips curve relates average unemployment to average wage inflation;...
Persistent link: https://www.econbiz.de/10012759324
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Wage and Labor Mobility in Denmark, 1980-2000
Eriksson, Tor - 2010
the trend towards a more decentralized wage determination. The shift towards decentralized wage bargaining has coincided …
Persistent link: https://www.econbiz.de/10012760107
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Negotiated Trade Restrictions with Private Political Pressure
Feenstra, Robert C. - 2010
In this paper we consider a home government with political pressure to restrict trade, at the expense of foreigners. The foreign country is compensated with an income transfer, which can be thought of as a portion of the tariff revenues or quota rents. In this setting the two countries should...
Persistent link: https://www.econbiz.de/10012760276
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Learning and Disagreement in an Uncertain World
Acemoglu, Daron - 2010
trading and bargaining …
Persistent link: https://www.econbiz.de/10012760581
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Unemployment Fluctuations with Staggered Nash Wage Bargaining
Gertler, Mark - 2010
tractable relation for wage dynamics that is a natural generalization of the period-by-period Nash bargaining outcome in the … conventional formulation. An interesting side-product is the emergence of spillover effects of average wages on the bargaining …
Persistent link: https://www.econbiz.de/10012760666
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Sequential Bargaining in the Field : Evidence from Millions of Online Bargaining Interactions
Backus, Matthew - 2018
We study patterns of behavior in bilateral bargaining situations using a rich, new dataset describing over 88 million … listings from eBay's Best Offer platform, with back-and-forth bargaining occurring in over 25 million of these listings. We … document patterns of behavior and relate them to "rational" and "psychological" theories of bargaining and find that bargaining …
Persistent link: https://www.econbiz.de/10012925284
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The Long-Run Effects of Teacher Collective Bargaining
Lovenheim, Michael - 2018
Teacher collective bargaining is a highly debated feature of the education system in the US. This paper presents the … first analysis of the effect of teacher collective bargaining laws on long-run labor market and educational attainment … bargaining laws worsens the future labor market outcomes of men: in the first 10 years after passage of a duty-to-bargain law …
Persistent link: https://www.econbiz.de/10012915228
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Political Economy of Debt and Growth
Battaglini, Marco - 2015
goods and public investment — is determined through legislative bargaining. Economic growth depends directly on public …
Persistent link: https://www.econbiz.de/10013013181
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Why Don't Lenders Renegotiate More Home Mortgages? Redefaults, Self-Cures and Securitization
Adelino, Manuel - 2015
We document the fact that servicers have been reluctant to renegotiate mortgages since the foreclosure crisis started in 2007, having performed payment reducing modifications on only about 3 percent of seriously delinquent loans. We show that this reluctance does not result from securization:...
Persistent link: https://www.econbiz.de/10013039412