Berninghaus, Siegfried; Güth, Werner - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2002
The variable threat-bargaining model of Nash (1953) assumes that threats in the senseof binding commitments as to what … one will do if bargaining ends in conflict, are chosenbefore bargaining. By comparison, late threats to be chosen after … bargaining end in conflict,appear more natural and would be self-enforcing, i.e., require no commitment power. Insteadof …