Kohler, Stefan - In: Economics Bulletin 34 (2014) 3, pp. 1611-1617
Parties in a bargaining situation may perceive guilt, a utility loss caused by receiving the larger share that is … problem for self-interested bargainers to a game with equally patient bargainers that exhibit a similar degree of guilt. The … bargaining parties still reach agreement in the first period. If guilt is strong, they split the bargaining surplus equally. In …