Schaller, Zachary; Skaperdas, Stergios - 2019
-contractible up-front investments to improve their bargaining position and gain advantage for possible future conflict. Bargaining is … are lower than under Bargaining when one player is much stronger than the other. Second, the probability of the stronger … player winning in Conflict is higher than the share received under Nash bargaining. We thus provide a rationale for conflict …