A two-person infinite-horizon bargaining model where one of the players may have either of two discount factors, has a multiplicity of perfect Bayesian equilibria. Introducing the slightest possibility that either player may be one of a rich variety of stationary behavioral types singles out a...

A two-person infinite-horizon bargaining model where one of the players may have either of two discount factors, has a multiplicity of perfect Bayesian equilibria. Introducing the slightest possibility that either player may be one of a rich variety of stationary behavioral types singles out a...

We investigate implementation of social choice functions with asymmetric information concerning the state from epistemological perspectives. While each agent is either selfish or honest, they do not expect other participants to be honest. Nevertheless, an honest agent may exist, not among the...