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We develop a model of the household in which spousal incomes are determined by pre-marital investments, the marriage market is characterized by assortative matching, and endogenously-determined sharing rules form the basis of intra-household allocations. By incorporating pre-marital investments...
Persistent link: https://www.econbiz.de/10010267526
This paper considers a frictional market where buyers and sellers, with unit demand and supply, search for trading opportunities. The analysis focuses on explicit search frictions, allows for two-sided incomplete information, and puts no restriction on agent heterogeneity. In this context, a...
Persistent link: https://www.econbiz.de/10010273653
We prove existence of steady-state equilibrium in a class of matching models with search frictions.
Persistent link: https://www.econbiz.de/10011390707
We prove existence of steady-state equilibrium in a class of matching modelswith search frictions.
Persistent link: https://www.econbiz.de/10011152775
The objective of this paper is to analyze the relationship between bargaining organizational forms and the licensing of …. Trading mechanisms based on bargaining models with voluntary matching become more relevant when the market for an innovation … simultaneous bids mechanism. Also, bargaining mechanisms allow the patentee to overcome the credibility problem associated with the …
Persistent link: https://www.econbiz.de/10004985318
. Agents engage in costly search and meet randomly. The terms of trade are determined through bilateral bargaining between …
Persistent link: https://www.econbiz.de/10005588293
matching with bargaining framework of Crawford and Rochford (1986). We run simulations to find the effects of alimony rate …
Persistent link: https://www.econbiz.de/10005836944
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 …
Persistent link: https://www.econbiz.de/10014196965
I study intermediation in networked markets using a stochastic model of multilateral bargaining in which traders …
Persistent link: https://www.econbiz.de/10010403606
Recent international climate negotiations suggest that complete agreements are unlikely to materialize. Instead, partial cooperation between like-minded countries appears a more likely outcome. In this paper we analyze the effects of such partial cooperation between like-minded countries. In...
Persistent link: https://www.econbiz.de/10009570868