Before Kahneman and Tversky showed how behavioural economics could bring psychology and economics into a unified framework, in the 1950s a social psychologist, Sidney Siegel, entered the realm of economics and laid the foundation of experimental economics. This paper gives an assessment of...

This short paper demonstrates that the equilibrium payoffs of an alternating-offers bargaining game over a unit of surplus converge to equal division provided that the parties are allowed to bargain over all the surpluses generated by the "right" to be the first to make offers. The result...

Survey data for this paper were collected in a rural district in Kenya between December 2000 and January 2001. The main objective was to identify the factors determining female participation in household decision making. Our results suggest that bargaining models and resource theory cannot be...

In this article, we use a stylized model of the labor market to investigate the effects of three alternative and well-known bargaining solutions. We apply the Nash, the Egalitarian and the Kalai-Smorodinsky bargaining solutions in the small firm’s matching model of unemployment. To the best of...

It seems reasonable to suppose that in repeated games in which communications is possible, play is determined through a process of negotiation and renegotiation as events unfold. In the absence of a satisfying theory of players' bargaining power, it is unclear how to model this process....

Survey data for this paper were collected in a rural district in Kenya between December 2000 and January 2001. The main objective was to identify the factors determining female participation in household decision making. Our results suggest that bargaining models and resource theory cannot be...

This article evaluates the feminist and institutional dimensions of intra-household economics. A brief intellectual history of this emerging subfield of microeconomics argues that the weakness of the New Home Economics lies not only in its failure to deal with the individuals that make up the...

Using unique panel data on individual transactions between buyers and sellers in the spot market for live hogs, we found a large degree of intra-day price dispersion. Motivated by this empirical puzzle, we offer an explanation which is rooted in the bargaining with search theory. We formulate...

We propose a mechanism for resolving bargaining problems.The mechanism allows two players to make a sequence of simultaneous propositions. At any step, as long as the players have not reached an agreement, they can choose to implement a lottery between the different propositions. In this aspect,...