Lee, Jihong; Sabourian, Hamid - Birkbeck, Department of Economics, Mathematics & Statistics - 2005
Even with complete information, two-person bargaining can generate a large number of equilibria, involving …, 1995) and (ii) costly bargaining games where there are transaction/participation costs (Anderlini and Felli, 2001). We show … perpetual disagreement that survives in costly bargaining games. We also find that introducing small transaction costs to …