Binmore, Ken; Proulx, Chris; Samuelson, Larry; … - University of Bonn, Germany - 1995
We examine an Outside Option Game in which player I submits a claim for a share of a cake while player II simultaneously either makes a claim or chooses to opt out. If player II opts out, then she receives an opt-out payment while player I receives nothing. If player II opts in and if the claims...
