trade in competitive markets. Individuals use outside options in two different ways. Actual outside options reflect the … possibility to exit or to join other existing groups. Hypothetical outside options refer to hypothetical groups that are … ultimately not formed. Articulation of hypothetical outside options in the bargaining process determines the relative bargaining …

-sided, time-varying, outside options. …

This paper extends the framework provided by the so-called GHM approach to a context of endogenous outside options … reach the desired optimality features, the design of ownership structure should take into account the dynamics of outside … options. …

effect works at least partly through a general effect on the wage norm in the firm of hiring employees with poor outside … options (the immigrants). …

agents have outside options and threat points. In contrast to the infinite horizon case the strength of the threat to delay …

are no outside options. It is easy to see, however, that giving the seller an outside option can disrupt this equilibrium … equilibrium for this bargaining game with asymmetric information and outside options. It turns out that giving the seller an … less valuable on spot markets, even if doing so comes with a cost. Introducing outside options also changes the impact of …

presence of profit sharing. In a partial equilibrium with exogenous outside options increased bargaining power of banks has … adverse employment effects. In a general equilibrium with endogenous outside options this relationship is frequently reversed …