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This paper studies an alternating-offers bargaining game between a time-consistent and a time-inconsistent player who processes information on own preference type imperfectly that flows during the course of the game. The time-inconsistency is modeled by quasi-hyperbolic discounting and the...
Persistent link: https://www.econbiz.de/10012723458
Persistent link: https://www.econbiz.de/10013474060
The literature on time-inconsistent preferences introduced sophisticated, naive and partially naive types of agents that represent different levels of awareness of their time inconsistency. This paper incorporates time-inconsistent players in a sequential bargaining model. Under the complete...
Persistent link: https://www.econbiz.de/10014062581