(theoretically) that adding search to a simple bargaining mechanism eliminates some unsatisfactory features of bargaining theory. Our …, the buyer can choose to leave the negotiation table to search for other alternatives. Under one version, if the buyer … chooses to search for a better price, the opportunity to purchase the good at the stated price is gone. Under the second …

option to buy via search or return to bargaining. Here many buyers choose a bargaining agreement when a search outcome is …This experimental study investigates two bargaining games with twosided incomplete information between a seller and a … predicted. For those who opt out, search outcomes are overall efficient and behavior is relatively close to the optimal search …

involves bargaining. We model a crisis as a shock that reduces investorsʼ asset demands, lasting until a random recovery time …

We prove existence of steady-state equilibrium in a class of matching modelswith search frictions. …

. Agents engage in costly search and meet randomly. The terms of trade are determined through bilateral bargaining between … costs of search become small, all equilibria of the market game converge to perfectly competitive equilibria. …

have to search for a suitable counterparty, and once they meet, both parties negotiate the size of the loan and the …

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 …

prices and increasingprofits. Welfare falls because of the uncertainty in the bargaining process, which generates …