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Bargaining with partially revocable commitments: a simple model

Author

Listed:
  • Gonzalo Olcina

    (Universitat de Valencia)

  • Antoni Cunyat

    (Universitat de Valencia)

  • Vicent Calabuig

    (Universitat de Valencia)

Abstract

Fershtman and Seidmann (1993) showed that the presence of an irrevocable endogenous commitment with a fixed deadline results in the so called deadline effect. We examine the robustness of this result to the presence of a much more general class of commitments: partially revocable commitments.

Suggested Citation

  • Gonzalo Olcina & Antoni Cunyat & Vicent Calabuig, 2002. "Bargaining with partially revocable commitments: a simple model," Economics Bulletin, AccessEcon, vol. 3(30), pages 1-7.
  • Handle: RePEc:ebl:ecbull:eb-02c70009
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    JEL classification:

    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory

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