dollar. In this paper a bargaining approach is used to explain both the settlement and the delay. We conclude that the agreed … swap broadly corresponds to a bargaining outcome where the Argentine government had 'first mover' advantage, and that a … promoting 'good faith' bargaining. …

, parliamentary composition, coalition formation, and bargaining are endogenous. We compare this constitution to delegation of …

We consider a bargaining model of the interaction between a government and interest groups in which, unlike existing … models, neither side is assumed to have all the bargaining power. The government will then find it optimal to constrain … itself in the use of transfer policies to improve its bargaining position. In a model of redistribution to lobbies, the …

We consider a competitive search model where firms with vacancies choose between posting a wage ex-ante and bargaining …-up problem associated with bargaining but are incomplete since they cannot be contingent on worker qualifications. In contrast … the hold-up problem is mild and workers' heterogeneity is large, firms opt for bargaining. Yet equilibria with bargaining …

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 …

firm is better off encouraging competition when the downstream firms have high bargaining power. We derive implications on …

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 …

full-commitment payoff. Under seller-offer bargaining, any positive degree of projection implies a full reversal of the … limit, extracts the full surplus from trade. Dynamic bargaining without price-commitment is revenue-optimal. Existing …