A matching model with labor/leisure choice and bargaining frictions is used to explain (i) differences in GDP per hour … is similar in both economies, the share of part-time work is larger. -- model of search and matching ; bargaining …

A matching model with labor/leisure choice and bargaining frictions is used to explain (i) differences in GDP per hour …

efficiently according to the familiar Nash bargaining solution, we show that central negotiations lead to a lower employment level …

efficiently according to the familiar Nash bargaining solution, we show that central negotiations lead to a lower employment level …

We analyze a bargaining model where there is a long-term relationship between a seller and a buyer and there is … bargaining over a sequence of surpluses that arrives at fixed points in time. Markov Perfect Equilibria are analyzed and …