White, Lucy; Williams, Mark - C.E.P.R. Discussion Papers - 2006
The game-theoretic bargaining literature insists on non-cooperative bargaining procedure but allows 'cooperative …' implementation of agreements. The effect of this is to allow free-reign of bargaining power with no check upon it. In reality, courts … bargaining model which incorporates the idea that agreements may be enforced non-cooperatively. We show that this has a …