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Strategic Bargaining in Search Models: An Overview

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Listed:
  • Jayasena, Arun
  • Libir, Mumi
  • Rahmat, Omar

Abstract

This paper provides a survey on strategic bargaining in decentralized markets with search frictions. We review how alternating-offers bargaining, renegotiation risks, and participation constraints shape outcomes in both random and directed search environments. We discuss implications for labor, product, and credit markets, with particular attention to cases where posted terms do not fully determine final outcomes.

Suggested Citation

  • Jayasena, Arun & Libir, Mumi & Rahmat, Omar, 2021. "Strategic Bargaining in Search Models: An Overview," MPRA Paper 124947, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:124947
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    File URL: https://mpra.ub.uni-muenchen.de/124947/1/MPRA_paper_124947.pdf
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    References listed on IDEAS

    as
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    Keywords

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    JEL classification:

    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
    • L00 - Industrial Organization - - General - - - General

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