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This paper characterizes equilibrium outcomes of extensive form games with incomplete information in which players can sign renegotiable contracts with third-parties. Our aim is to understand the extent to which third-party contracts can be used as commitment devices when it is impossible to...
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Although reputation is claimed to be a potential source of power in a negotiation, it is one of the most under … researched aspects of the bargaining process. This paper extends current understanding of reputation in negotiation by presenting … a model that explains the construction process of reputation in the negotiation context. We review extant research …
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strategic player by making it more difficult to build a reputation, but can also benefit the player who can pretend to be …
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