We analyze a bargaining model where there is a long-term relationship between a seller and a buyer and there is … bargaining over a sequence of surpluses that arrives at fixed points in time. Markov Perfect Equilibria are analyzed and … periods. We also find conditions for existence and uniqueness of equilibria with immediate agreement. …

The labor economics literature has shown that the "efficient bargaining" model, in which wage and employment are … wage is determined via bargaining and employment determined subsequently and unilaterally by the firm. This paper reports … an experiment in which the choice of the bargaining agenda is endogenous within a noncooperative game. We find that …

We analyze a bargaining model where there is a long-term relationship between a seller and a buyer and there is … bargaining over a sequence of surpluses that arrives at fixed points in time. Markov Perfect Equilibria are analyzed and … periods. We also find conditions for existence and uniqueness of equilibria with immediate agreement …

accomplishing this split. -- ultimatum game ; wage flexibility ; wage ratchet effect ; wage bargaining ; labour market ; fair wages …

wage bargaining to either surplus-maximizing delegates or to wage-maximizing delegates (such as senior union members). We … of wage-maximizing delegates, even when the wage bargaining with private information is close to one with complete …

This paper provides a new strategic underpinning of the axiomatic Nash bargaining solution that is widely applied in … unique subgame perfect equilibrium of a strategic bargaining model in which the risk of breakdown grows infinitely large. We …

In this paper, we present a non-cooperative wage bargaining model in which preferences of both parties, a union and a … firm, are expressed by the sequences of discount rates varying in time. For such a wage bargaining with non … on strike in each period in which there is a disagreement. A certain generalization of the original Rubinstein bargaining …