Hwang, Joongsan - In: Peace economics, peace science and public policy 31 (2025) 3, pp. 259-303
This paper explains brinkmanship with infinitely repeated veto bargaining games, where players have private information. In the basic model, the paper solves for two types of Perfect Bayesian Equilibria. First, in Risk-Taking Equilibria (RTE), the proposer is more risk-seeking and engages in...