We study a bargaining model where (i) players’ interim disagreement payoffs are stochastic and (ii) in any period, the proposer may postpone making an offer without losing the right to propose in the following period. This bargaining model has a generically unique perfect equilibrium payoff...

Negotiation games in which two players engage in disagreement games to determine their payoffs during the bargaining generally admit multiple perfect equilibrium outcomes, including inefficient ones. This paper shows that if the two players cannot change their disagreement actions as frequent as...