| Robert Evans, St. John's College |
| Simultaneous-Offers Bargaining and the Deadline Effect |
| Session: C-13-2 Wednesday 16 August 2000 by Evans, Robert |
| A one-shot simultaneous-offers bargaining game is presented in which the unique pure strategy equilibrium offers are identical to those of the infinite-horizon Rubinstein alternating-offers game. For each player there is a small probability that his or her proposal will not arrive. A finitely-repeated version of the game with a small amount of (two-sided) incomplete information about disagreement payoffs is then used to explain the deadline effect. In any pure strategy equilibrium of this game agreement is reached only in the final period.\vspace{0.2in} |
| Submitted paper full-text in .pdf |