the frequency of trade but fall with the frequency of travel. Decentralized and centralized markets can both emerge in …

model with search and matching frictions in the labor market. Our results arise for empirically plausible parametrizations …

This paper shows that all perfect Bayesian equilibria of a dynamic matching game with two-sided incomplete information … Walrasian price for an economy where only a strict subsets of the goods in the original economy are traded, i.e, markets are … whole economy where all markets are open. …

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. …

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 …

facilitates a unified approach to a range of social choice problems, including auctions, bargaining, and public goods provision …

effect of contracts on bargaining threatpoints. We compare situations in which an initial contract is renegotiated to … strategically equivalent bargaining situations in which no ex ante contract was written. The ex ante contract causes sellers to ask … for markups that are 45 percent lower than in strategically equivalent bargaining situations without an initial contract …

payoffs of a game where each player faces the possibility of bargaining at random against any other player. In the kooperative …