Binmore, Ken; Rubinstein, Ariel; Wolinsky, Asher - In: RAND Journal of Economics 17 (1986) 2, pp. 176-188
This article establishes the relationship between the static axiomatic theory of bargaining and the sequential strategic approach to bargaining. We consider two strategic models of alternating offers. The models differ in the source of the incentive of the bargaining parties to reach agreement:...