of the standard model which do not respond to changes in supply or demand. Despite incomplete information, equilibrium …

This paper explores the role of conflict as a bargaining tool. It first presents a simple bargaining model with one …-sided incomplete information. Parties can choose the scope of the confrontation they may want to engage in: A limited conflict that … information about the eventual outcome of the absolute one. In this framework, it is shown that confrontation has a double …

We propose a new bargaining solution, based on the idea - borrowed from Hobbes - that the agreement reached in a …

This paper studies bargaining and conflict under incomplete information, provides an overview and a critical account of … bargaining to resume. In the presence of private information, these limited conflicts convey information and thus become a … sequential bargaining that take confrontation as final. Conflict and inefficiencies are to be expected in these models whenever …