distribution of the buyer's reservation price. We show that periods with no buyer refusals, of offers or bargaining with no …

market game. We create group identity through a focal point coordination game. Subjects play a three-person bargaining game …

Market completeness has important implications for household behavior. I firmly reject complete markets for …

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 …

In the context of international bargaining, standard models predict that a shift in military power can cause preventive … war because it changes the relative bargaining position between states. We find that shifts in military power are not the … the relative bargaining position changes substantially. …

This paper studies a two-sided incomplete information bargaining model between a seller and a buyer. The buyer has an … outside option, which is modeled as a sequential search process during which he can also choose to return to bargaining at any …, in contrast to bargaining with complete information, the option to return to bargaining is not redundant in equilibrium …

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

A series of experiments compares bargaining behavior under three different settings: no arbitration, conventional and … interfer more with bargaining behavior than conventional arbitration where the bargaining behavior was similar to the no …-arbitration treatment. Under final offer arbitration, negotiators adjust their bargaining strategy to the arbitrator's expected award. …

We present a legislative bargaining model of the provision of a durable public good over an infinite horizion. In each …

recognition probabilities, in a model of strategic bargaining with Condorcet cycles. Overall, we find only limited support for the … equilibrium predictions. The main deviations from theory are: a) Subjects under-exploit their bargaining power by being more … asymmetries have on bargaining power, especially when the asymmetries relate to recognition probabilities. …