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In alternating-offer bargaining, a seller is "stubborn" if she demands the same asking price more than once. We provide … empirical evidence on stubbornness and inform the theoretical literature by analyzing millions of eBay bargaining threads taken …
Persistent link: https://www.econbiz.de/10013235774
I empirically test for a separating equilibrium in the bargaining contract of National Football League (NFL) contract …
Persistent link: https://www.econbiz.de/10014045998
Stochastic sequential bargaining models (Merlo and Wilson (1995, 1998) have found wide applications in different fields …
Persistent link: https://www.econbiz.de/10014176438
Stochastic sequential bargaining models (Merlo and Wilson (1995, 1998)) have found wide applications in different …
Persistent link: https://www.econbiz.de/10014183988
be treated as latent variables. The estimation strategy requires a complete specification of the bargaining model … of moments (SMM) estimator. The results of this study suggest that a simple bargaining model with private information can …
Persistent link: https://www.econbiz.de/10014199559
This paper reviews recent developments in nonparametric identi.cation of mea- surement error models and their applications in applied microeconomics, in particular, in empirical industrial organization and labor economics. Measurement error models describe mappings from a latent distribution to...
Persistent link: https://www.econbiz.de/10010469057
This paper proposes a new and easy-to-estimate marriage matching function (MMF). Unlike existing MMFs, the equilibrium marriage matching distribution associated with the proposed MMF is not necessarily unique. I show its existence under minimal conditions, and provide testable conditions under...
Persistent link: https://www.econbiz.de/10012964593
We investigate how the marriage market affects risk-taking and career choices in a general equilibrium framework. We show that women's relative inability to reap the benefits of a risky career due to their shorter reproductive span helps explain a set of observed gender differences in the labor...
Persistent link: https://www.econbiz.de/10012853483
negotiated relationships to identify the origin of relative bargaining power, and to examine the final outcomes, comparing these …
Persistent link: https://www.econbiz.de/10013023302
This note introduces a maximum likelihood estimator of the value of job amenities and labor productivity in a single matching market based on the observation of equilibrium matches and wages. The estimation procedure simultaneously fits both the matching patterns and the wage curve. Our...
Persistent link: https://www.econbiz.de/10011704355