Alternating-offer bargaining with endogenous commitment
We revisit the classical alternating-offer bargaining model, further assuming that players cannot reduce their proposals during the game. In equilibrium, players have history-dependent strategies and do not necessarily reach an agreement immediately in the first stage.
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| Format: | Article |
| Language: | English |
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2020
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| Online Access: | https://eprints.nottingham.ac.uk/60821/ |
| Summary: | We revisit the classical alternating-offer bargaining model, further assuming that players cannot reduce their proposals during the game. In equilibrium, players have history-dependent strategies and do not necessarily reach an agreement immediately in the first stage. |
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