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if the buyer's bargaining position is sufficiently strong. Moreover, we show that negotiations provide stronger …
Persistent link: https://www.econbiz.de/10010439677
if the buyer’s bargaining position is sufficiently strong. Moreover, we show that negotiations provide stronger …
Persistent link: https://www.econbiz.de/10010496962
This paper develops a search and matching model with heterogeneous firms, on-the-job search by workers, Nash bargaining … foresight about the outcome of wage bargaining. Instead workers use a recursive OLS learning mechanism and base their forecasts … of parameters we show analytically that the Nash bargaining solution in this setting is unique. We embed this solution …
Persistent link: https://www.econbiz.de/10011946462
matching or information revealed by others' behaviours, or to endogenous effects generated by bargaining within marriage. A … in marriage over smoking, rather than bargaining within the couple or social learning. -- smoking ; matching ; bargaining …
Persistent link: https://www.econbiz.de/10003039640
This paper develops a search and matching model with heterogeneous firms, on-the-job search by workers, Nash bargaining … foresight about the outcome of wage bargaining. Instead workers use a recursive OLS learning mechanism and bases their forecats … of parameters we show analytically that the Nash bargaining solution in this setting is unique. We embed this soultion …
Persistent link: https://www.econbiz.de/10012895321
I develop a theory of intermediation in a market where agents meet bilaterally to trade and buyers cannot commit to payments. Some agents observe the past trading history of traders in the market. These informed agents can secure trades by punishing traders who previously defaulted. The...
Persistent link: https://www.econbiz.de/10012806606
if the buyer's bargaining position is strong. Moreover, negotiations provide stronger incentives for sellers to …
Persistent link: https://www.econbiz.de/10011596132
This paper develops a theory of how angel and venture capital markets interact. Entrepreneurs first receive angel then venture capital funding. The two investor types are 'friends' in that they rely upon each other's investments. However, they are also 'foes', because at the later stage the...
Persistent link: https://www.econbiz.de/10014153812
In this paper we study the inefficiencies of the monetary equilibrium and optimal monetary policies in a search economy. We show that the same frictions that give fiat money a positive value generate an inefficient quantity of goods in each trade and an inefficient number of trades (or search...
Persistent link: https://www.econbiz.de/10014077837
the terms of trades are determined endogenously. We show that ex post bargaining generates a holdup problem similar to the … unless buyers have all the bargaining power …
Persistent link: https://www.econbiz.de/10014077971