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information. We characterise the perfect Bayesian equilibrium of this game which is essentially unique if offers are required to … be strictly increasing. Equilibrium agreement is reached gradually and nondeterministically. The better informed player …
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strategy has one–period recall if actions in a particular period are only conditioned on information in the previous and the …, there exists a subgame perfect equilibrium such that the given proposal is made and unanimously accepted in period zero. Our …
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We study the alternating-offer bargaining problem of sharing a common value pie under incomplete information on both … sides and no depreciation between two identical players. We characterise the essentially unique perfect Bayesian equilibrium …
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correlation of values is modeled via the global games information structure. I focus on the double limits of perfect Bayesian …
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