There has been a long debate on equilibrium characterization in the negotiation model when players have different time … bargaining frontier. However, when players have different time preferences, intertemporal trade may lead to continuation payoffs … above the bargaining frontier. We provide a thorough study of this problem without imposing the conventional assumption. Our …

We study a bargaining model with a disagreement game between offers and counteroffers. In order to characterize the set …

model of bargaining. With or without time preferences, the stochastic stable convention yields a generalized version of the … Nash (Econometrica 18:155–162, 1950) Bargaining Solution. When time preferences are added to the model, agents’ discount … bargaining weight within the Nash Bargaining Solution. By taking appropriate limits, an evolutionary foundation for the …

The Nash bargaining solution of a modified bargaining problem in the contract space yields the pair of stationary … vanishes, convergence to the Nash bargaining solution is immediate by the Maximum Theorem. Numerical implementation in standard …

The bargaining model with stochastic order of proposing players is properly embedded in continuous time and it is … the Nash bargaining solution of a modified bargaining problem and the Maximum Theorem implies convergence to the Nash … bargaining solution when time between proposals vanishes. The model unifies alternating offers, one-sided offers and random …

We propose a bargaining process supergame over the strategies to play in a non-cooperative game. The agreement reached … by players at the end of the bargaining process is the strategy profile that they will play in the original non … existence, uniqueness, and efficiency of the agreement reachable through this bargaining process. We illustrate the consequences …

The strategic importance of commitment in bargaining is widely acknowledged. Yet disentangling its role from key … bargaining with strategic commitment at its core. Following Schelling (1956), commitment ability stems from the costly nature of … bargaining solution. Equilibria with delay feature a form of gradualism in demands …

We consider a multilateral bargaining game in which the agents can be classified into two groups according to their …

This paper analyzes dynamically inconsistent time preferences in Rubinstein's (1982) seminal model of bargaining. When … exogenous breakdown risk, as well as in settings of intergenerational bargaining with imperfect altruism. The paper's main …

I revisit the Rubinstein (1982) model for the classic problem of price hag- gling and show that bargaining can become a … of fixed bargaining costs). Augmenting the protocol with unilateral exit options for responding bargainers generally …