bargaining model of price formation with asymmetric information. Under natural assumptions on type distributions, and for any …

between two political parties that have to bargain over which policy to implement. While bargaining, the parties' popularity … substantial effects on bargaining outcomes. Periods of gridlock may arise when the election is close and parties have similar …

We present a model of bargaining in which a committee searches over the policy space, successively amending the default … by voting over proposals. Bargaining ends when proposers are unable or unwilling to amend the existing default, which is …

A two-person infinite-horizon bargaining model where one of the players may have either of two discount factors, has a …

We develop observable restrictions of well-known theories of bargaining over money. We suppose that we observe a finite … data set of bargaining outcomes, including data on allocations and disagreement points, but no information on utility …, the Nash, utilitarian, and egalitarian max-min bargaining solutions are all observationally equivalent. Data compatible …

In this study, I examine the alternating‐offer bilateral bargaining model with private correlated values. The … limits and show that it is efficient, but the surplus split generally differs from the Nash bargaining split. I then … construct a double limit that approximates the Nash bargaining split in the ex post surplus, but with a delay. Further, I prove …

determined by bargaining. Examples include labor markets, housing markets, and markets for financial assets. We characterize …