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In a two-sided search market agents are paired to bargain over a unit surplus. The matching market serves as an endogenous outside option for a bargaining agent. Behavioral agents are commitment types that demand a constant portion of the surplus. The frequency of behavioral types is determined...
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This paper explores conditions under which economic agents will want to bargain collectively instead of individually with a common third party - when, for example, two firms (or unions), who are bargaining with the same, indispensable, outside party, will want to merge and bargain as one. I use...
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This paper analyzes reputational bargaining between two parties who can strategically send an ultimatum to resolve the conflict by law. Each party is either a justified player who is inflexible about demand and resolves the conflict by law whenever possible, or an unjustified player who is...
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