The game-theoretic bargaining literature insists on non-cooperative bargaining procedure but allows 'cooperative …' implementation of agreements. The effect of this is to allow free-reign of bargaining power with no check upon it. In reality, courts … bargaining model which incorporates the idea that agreements may be enforced non-cooperatively. We show that this has a …

We investigate the outcome of bargaining when a player’s pay-off from agreement is risky. We find that a risk … makes individuals behave 'more patiently' in bargaining. Strong analogies are drawn to the precautionary saving literature …

There is strong evidence that people exploit their bargaining power in competitive markets but not in bilateral … bargaining situations. There is also strong evidence that people exploit free-riding opportunities in voluntary cooperation games …

the seller’s relative bargaining power and bargaining share. This in turn fosters the seller’s incentives to invest even …

We model takeovers as a bargaining process and explain termination fees for, both, the target and the acquirer, subject … to parties’ bargaining power and outside options. In equilibrium, termination fees are offered by firms with outside … options in exchange for a greater share of merger synergies. Termination fees decrease in firms’ bargaining power, and …

I estimate a search-and-bargaining model of a decentralized market to quantify the effects of trading frictions on …