Ellingsen, Tore; Miettinen, Topi - In: Games and Economic Behavior 87 (2014) C, pp. 353-366
uncommitted negotiators can make new commitments. The game's unique Markov Perfect equilibrium outcome takes the form of a war of … attrition: Negotiators initially commit to incompatible offers, but agreement occurs once a negotiator's commitment decays. If …