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I study a situation where two players disagree on the division of a good. In the first of two stages, the players can divide the good peacefully between them by signing a contract. If either or both players reject the contract, they must engage in a costly contest over the good. One of the...
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We study whether the Coase conjecture holds in a model of bargaining during conflict due to Powell and Fearon. Two … negotiations are frictionless. Thus, the Coase conjecture does not hold. We study how the minimum length of conflict depends on the … players, A and B, contest a divisible resource. At any time during the conflict, they can make a binding agreement to share …
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