Strategic Delay in Bargaining
分析了一个不完全信息讨价还价模型，其中出价间隔是内生的策略变量。研究发现，谈判者通过策略性时间延迟来传递自身实力信号，导致协议延迟，且该延迟在最小间隔趋近于零时仍不消失。
This paper analyses a bargaining model with incomplete information in which the time between offers is an endogenous strategic variable. We find equilibria involving a delay to agreement that is due to the use of strategic time delay by bargainers to signal their relative strength. Under some specifications of the parameters, delay is present in the unique sequential equilibrium whose beliefs satisfy one intuitive restriction. This delay does not vanish as the minimal time between offers becomes small.