We report on experiments examining the value of commitment in Stackelberg games where the follower chooses whether to pay some cost to perfectly observe the leader's action. Várdy (2004) shows that in the unique pure strategy subgame perfect equilibrium of this game, the value of commitment is...

The standard alternating offer model is extended by integrating it with the Levhari and Mirman fish war model in order to investigate negotiations over fish quota. The disagreement actions are endogenous. The interior and linear Markov perfect equilibrium (MPE) results in immediate agreement on...