This paper provides a solution for how to model bargaining in models with on-the-job search. The solution is based on … wages being infrequently renegotiated. With renegotiation, the equilibrium wage distribution and the bargaining outcomes are …

This paper develops and estimates a search and bargaining model designed to measure the welfare loss associated with … inefficient matching, and the remainder with the search cost. In addition, we find that product differentiation attenuates the …

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 …

A matching model with labor/leisure choice and bargaining frictions is used to explain (i) differences in GDP per hour …