In this paper, the authors reexamine the data from B. O'Neill's (1987) experiment involving a repeated, two-person, constant-sum game. They find that there is less evidence in support of the minimax hypothesis than indicated by O'Neill. There is strong evidence of serial correlation in players'...

The sovereign-debt literature has often implicitly assumed that all the power in the bargaining game between debtor and creditor lies with the latter. This paper explores that assumption by analyzing three game-theoretic models of debt renegotiations. In two of the models, both of which are...

Perfect-information, Rubinstein-style bargaining models are used to explore questions about multiple-issue bargaining--is it ever sensible to offer on only a subset of the issues being bargained? What is the effect of limiting offers so that they must cover all issues? We conclude that in...