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 …

The labor economics literature has shown that the "efficient bargaining" model, in which wage and employment are … negotiated simultaneously, is less frequently used on unionized markets than the less efficient "right-to-manage" model, in which … wage is determined via bargaining and employment determined subsequently and unilaterally by the firm. This paper reports …

This paper provides a new strategic underpinning of the axiomatic Nash bargaining solution that is widely applied in … unique subgame perfect equilibrium of a strategic bargaining model in which the risk of breakdown grows infinitely large. We …

In this paper, we present a non-cooperative wage bargaining model in which preferences of both parties, a union and a … firm, are expressed by the sequences of discount rates varying in time. For such a wage bargaining with non … on strike in each period in which there is a disagreement. A certain generalization of the original Rubinstein bargaining …

This paper offers a noncooperative behaviourally-founded solution of the complete information bargaining problem where … tractable, and generates many intuitive aspects of bargaining absent from the standard temporal monopoly paradigm: wars of … expected bargaining duration from observed offers. We also deduce some simple implications about consecutive offers, and relate …

I revisit the Rubinstein (1982) model for the classic problem of price haggling and show that bargaining can become a … of fixed bargaining costs). Augmenting the protocol with unilateral exit options for responding bargainers generally …

This paper explores the possibility of privately inefficient job separations due to bargaining friction and its … implications for the unemployment dynamics. I propose a simple specification of bargaining friction by including bargaining wedges … in the standard Nash bargaining model. Such bargaining wedge arises when, for example, wages are determined by …