A two-persons bargaining problem often consists of initially incompatible demands that can be unilaterally reduced by sequential concessions. In a 2 x 2 x 2-factorial design we distinguish between reliable and unreliable concessions, between a static and dynamic settings and between symmetric...

The Nash Bargaining problem in the context of a random utility modelyields a stochastic demand for each player, conditional on his or her beliefs re-garding the other player's behavior. We derive a symmetric logit equilibriumunder naive expectations that converges to the Nash axiomatic solution...