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We consider an "arms race" game, where two players simultaneously decide whether or not to aquire new weapons. Each player has a type, which is his private information. Types are independent. With probability close to one, the best outcome for each player is for neither to acquire new weapons...
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This paper proposes a new solution concept to three-player coalitional bargaining problems. The coalitional bargaining problem is modeled as a dynamic non-cooperative game in which players make conditional or unconditional offers, coalitions continue to negotiate as long as there are gains from...
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Inspired by the negotiations leading up to the Paris Agreement on climate change, I study a bargaining game where every party is proposing only its own contribution, before the set of pledges must be unanimously approved. I show that, with uncertain tolerance for delay, each equilibrium pledge...
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