A two-person infinite-horizon bargaining model where one of the players may have either of two discount factors, has a multiplicity of perfect Bayesian equilibria. Introducing the slightest possibility that either player may be one of a rich variety of stationary behavioral types singles out a...

We analyse a bargaining game in which two players (the internal stakeholder and the external party) bargain over the allocation of a fixed 'cake'. The internal stakeholder decides whether to bargain directly with the other player (involving Nash Bargaining). On the other hand, the internal...