| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5071976 | Games and Economic Behavior | 2012 | 10 Pages |
Abstract
⺠The role of strategic commitment in bilateral bargaining is studied. ⺠Initial demands can be revoked at a cost, increasing in the conceded amount. ⺠The set of pure strategy SPE is characterized for general cost functions. ⺠Bargaining power is shown to increase with higher cost functions. ⺠Kalaiʼs (1977) Proportional Solution gives the limit SPE outcome with very high costs.
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Authors
Rohan Dutta,