Ambrus, Attila; Lu, Shih En - In: American Economic Journal: Microeconomics 7 (2015) 1, pp. 208-49
We propose a finite-horizon continuous-time framework for coalitional bargaining, in which players can make offers at random discrete times. In our model: (i) expected payoffs in Markov perfect equilibrium (MPE) are unique, generating sharp predictions and facilitating comparative statics; and...