negotiations take place. We show that, in the absence of any distortion, sector-level bargaining ought to be less efficient than …In this note, we extend the traditional search and matching framework to take account of the different levels at which … bargaining taking place at the other levels. It follows that the introduction of labor market policies as a combination of …

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 …, there is one-sided reputation building in bargaining, and commitment types on the short side determine the terms of trade …

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 …

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

This paper develops a dynamic general equilibrium model that integrates labor market search and matching into an … and develop two alternative specifications of the bargaining process. Under efficient bargaining (EB) hours are determined …), instead, firms retain the right to set hours of work unilaterally. I show that introducing search and matching frictions …

substantial rent flexibility. 2. Rent stickiness varies significantly across structure type; for example, detached unit rents are … far stickier than large apartment unit rents. We offer the first theoretical explanation of rent stickiness that is … consistent with these facts. In this theory, search and bargaining with incomplete information generates stickiness in the …

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 …

We consider bilateral non-cooperative bargaining on the division of a surplus. Compared to the canonical bargaining … game in the tradition of Rubinstein, we introduce additional sources of friction into the bargaining process … month, quarter, or year. Bargaining rounds are of non-trivial length, so that counter-others may be made without triggering …

This paper develops and estimates a search and bargaining model designed to measure the welfare loss associated with … matching, and the remainder with the search cost …

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 …