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This paper presents results on the stability of the wage dispersion model presented in Mortensen (2003). Specifically, we test four "positive definite" learning processes on a single parameterisation of the underlying model, and submit the most successful to a thorough sensitivity analysis. The...
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consistent with these facts. In this theory, search and bargaining with incomplete information generates stickiness in the …
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This paper analyzes fairness and bargaining in a dynamic bilateral matching market. Traders from both sides of the … market are pairwise matched to share the gains from trade. The bargaining outcome depends on the traders’ fairness attitudes … in isolated bilateral bargaining. …
Persistent link: https://www.econbiz.de/10012587476
This paper analyzes fairness and bargaining in a dynamic bilateral matching market. Traders from both sides of the … market are pairwise matched to share the gains from trade. The bargaining outcome depends on the traders’ fairness attitudes … in isolated bilateral bargaining. …
Persistent link: https://www.econbiz.de/10012648091
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by ultimatum game bargaining. In the search stage of this game, sellers post intervals of possible surplus splits to … interaction between bargaining and competition in the preliminary search stage. The main results confirm that behavior in the …
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