Strategic Bargaining in Search Models: An Overview

Arun Jayasena, Mumi Libir and Omar Rahmat

MPRA Paper from University Library of Munich, Germany

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.

Keywords: Strategic Bargaining; Search Models (search for similar items in EconPapers)
JEL-codes: D40 L00 (search for similar items in EconPapers)
Date: 2021-05
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:124947

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