Deadline effects and inefficient delay in bargaining with endogenous commitment

Chaim Fershtman, Daniel J. Seidmann

Research output: Contribution to journalArticlepeer-review

Abstract

Bilateral (sequential) negotiators delay agreements until a deadline if a player that rejects an offer is subsequently committed not to accept any poorer proposal, and if the common discount factor is close enough to one. Journal of Economic Literature Classification Numbers: C7, C78, J52.

Original languageEnglish
Pages (from-to)306-321
Number of pages16
JournalJournal of Economic Theory
Volume60
Issue number2
DOIs
StatePublished - Aug 1993

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