to accept or delay, and are rewarded with an indivisible portion and a perishable transfer that depends on the round. Our … number of rounds of delay before an agreement is reached. The equilibrium delay is longer when the players are more patient …

-hyperbolic time preferences increasingly common in the economics literature - equilibrium is unique and lacks delay. However, when one … bargainer is more patient about a single period's delay from the present than one that occurs in the near future, the game … permits a novel form of equilibrium multiplicity and delay. Time preferences with this property have most recently been …

stationary subgame perfect equilibria in generic games is presented. Equilibria with delay exist only for strong positive …