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Persistent link: https://www.econbiz.de/10011560261
This paper analyzes an ongoing bargaining situation in which preferences evolve over time and the previous agreement becomes the next status quo, determining the payoffs until a new agreement is reached. We show that the endogeneity of the status quo exacerbates the players' conflict of interest...
Persistent link: https://www.econbiz.de/10008748538