Abstract
We build a simple alternating-offers bargaining model in which one of the players can commit to damage the ''pie'' that they are bargaining over. In the unique equilibrium partition his share does not vary monotonically with the discount factor.
| Original language | English |
|---|---|
| Pages (from-to) | 15-22 |
| Number of pages | 8 |
| Journal | Economics Letters |
| Volume | 54 |
| Issue number | 1 |
| Publication status | Published - Jan 1997 |
Keywords
- bargaining
- commitment
- PERFECT EQUILIBRIUM
- MODEL