Article ID Journal Published Year Pages File Type
5072139 Games and Economic Behavior 2011 10 Pages PDF
Abstract
► We study a negotiation model with a normal-form disagreement game. ► When players have different time preferences, delay can be Pareto efficient. ► Making unacceptable offers supports the extreme equilibria. ► A playerʼs worst equilibrium payoff is characterized by a minmax problem.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Extreme equilibria in the negotiation model with different time preferences
Authors
, ,