This article considers a simple variable-threat model of bargaining intended to explain the unusual discontinuous strike threatened by the Major League Players Association in labor negotiations in the Spring of 1980. The model shows that, because the difference between owners' income and...

A great deal of late bidding has been observed on eBay, which employs a second-price auction with a fixed deadline. Much less late bidding has been observed on Amazon, which can only end when ten minutes have passed without a bid. In controlled experiments, we find that the difference in the...

In an experiment, players? ability to learn to cooperate in the repeated prisoner?s dilemma was substantially diminished when the payoffs were noisy, even though players could monitor one another?s past actions perfectly. In contrast, in one-time play against a succession of opponents, noisy...