Carrillo, Juan D.; Palfrey, Thomas R. - In: American Economic Journal: Microeconomics 1 (2009) 1, pp. 151-81
We analyze a game of two-sided private information where players have privately known "strengths" and can decide to fight or compromise. If either chooses to fight, the stronger player receives a high payoff and the weaker player receives a low payoff. If both choose to compromise, each player...