Bush, Lutz-Alexander; Shi, Shouyong; Wen, Quan - In: Canadian Journal of Economics 31 (1998) 4, pp. 915-932
In a two-player alternating-offer bargaining model, if one player can destroy the surplus to be allocated, then the value to bargain for is endogenous, except at the beginning. Even with complete information, the model has perfect equilibria with delayed agreement and/or surplus destruction. The...