Transaction costs are omnipresent in markets yet are often omitted in economic models. We show that their presence can … fundamentally alter incentives and welfare in markets in which the price equates supply and demand. We categorize transaction costs … properties of markets without transaction costs, namely strategyproofness, efficiency, and robustness to misspecified beliefs and …

We model the bargaining process of parents over custody at the time of divorce. First we assume an institutional …

In bargaining between two sellers and one buyer on prices and quantities, strategic inefficiencies arise. By … the relative bargaining power of the sellers. …

The purpose of this paper is to analyze bargaining between a firm and a finite set of workers. In particular employment … selected workers then decide whether they want to proceed in bargaining with the firm. Finally, bargaining takes place. In …

We develop a DSGE model with firm-specific labor where firm-level wage bargaining and price setting are subject to …

This paper studies infinite-horizon bargaining between a seller and multiple buyers when externalities are present. We …

People's desire for fair transactions can play an important role in negotiations, organizations, and markets. In this … paper, we show that markets can also shape what people consider to be a fair transaction. We propose a simple and generally …

, Sweden, UK and USA. The results indicate discrimination against females in experimental bargaining. This discrimination …

"problematic" cities with respect to the integration process of refugees. The subjects confronted three different bargaining games … discrimination effect was detected. However, one specific effect was that Non-Swedes were less likely to be chosen as bargaining …