and develop two alternative specifications of the bargaining process. Under efficient bargaining (EB) hours are determined …

We model bargaining between non-bank investors and heterogeneous bank borrowers in the federal funds market. The …

implications of biased expectations for wage bargaining, vacancy creation, worker flows and labor market policies. Importantly, we … find that the specific assumption about the frequency of wage bargaining crucially shapes the propagation mechanism through …

of biased expectations for wage bargaining, vacancy creation, worker flows and labor market policies. Importantly, we … find that under the widely used period-by-period Nash bargaining protocol, the model generates a counterfactual …

influence price dynamics. Using pricing schemes with bargaining-theoretic foundations, we show that the particular way in which …

. This paper studies the determination of these payments. We analyze the problem of joint bargaining over wages and severance … workers, in which we assume that workers may be unionized and that bargaining is over wages and severance pay. Bargaining …

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 …

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 …

. This paper studies the determination of these payments. We analyze the problem of joint bargaining over wages and severance … workers, in which we assume that workers may be unionized and that bargaining is over wages and severance pay. Bargaining …

tempers the bargaining power of workers and thus dampens the increase in their real wages. The procyclical movement of wages …