This paper studies infinite-horizon bargaining between a seller and multiple buyers when externalities are present. We … externalities. Since each buyer receives a positive payoff when the seller makes an agreement with some other buyer, positive … externalities induce a war of attrition between buyers. …

We incorporate externalities into the stable matching theory of two-sided markets. Extending the classical substitutes … condition to markets with externalities, we establish that stable matchings exist when agent choices satisfy substitutability …. We show that substitutability is a necessary condition for the existence of a stable matching in a maximal-domain sense …

We introduce a model of large many-to-one matching markets with occupational choice where each individual can choose … complementarities and externalities can be accommodated. Our model generalizes Greinecker and Kah (2021), which focuses on one …-to-one matching and did not allow for occupational choice. Applications include the roommate problem with non-atomic participants …

I study intermediation in networked markets using a stochastic model of multilateral bargaining in which traders …

The paper considers a one-to-one matching with contracts model in the presence of price controls. This set-up contains … two important streams in the matching literature, those with and those without monetary transfers, as special cases and …

The paper considers a one-to-one matching with contracts model in the presence of price controls. This set-up contains … two important streams in the matching literature, those with and those without monetary transfers, as special cases and …

cross-license negotiations. I develop a model of bargaining with learning, which predicts that two firms will enter a broad … using a novel dataset on cross-licensing and litigation in the U.S. semiconductor industry …

about payments for licensing a cost‐reducing innovation. Applying the Nash bargaining solution, we compare two licensing … firms if the innovation is not drastic. So, royalty licensing is always carried out. Moreover, though there exists a case in … policies, a fixed fee and a royalty. Our results are as follows. Royalty licensing is better than fixed fee licensing for both …

We incorporate externalities into the stable matching theory of two-sided markets. Extending the classical substitutes … condition to markets with externalities, we establish that stable matchings exist when agent choices satisfy substitutability …. We show that substitutability is a necessary condition for the existence of a stable matching in a maximal-domain sense …