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This paper develops a dynamic theory of war and peace. In our framework, an aggressive country can forcibly extract …
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We use a two-issue bargaining model with asymmetric information to study agent choice of how to structure bargaining. We uncover the settings in which different agenda structures are chosen in equilibrium, how the order in which issues are bargained over matters, and what impact the rules for...
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predicted. This contrasts with previous results in certification theory stating that monopolistic certifiers disclose a minimum …
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This paper studies an information hierarchy among players in a competitive context. The hierarchy specifies a player's observation of her opponents' types, which measure their competitiveness: the higher the player is ranked in the hierarchy, the more types she observes. The players then decide...
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