Perfect equilibria in simultaneous-offers bargaining (Q2639784)

A generalization of the classical Nash demand game is examined. Agents make simultaneous offers in each period as to how the pie should be divided. Incompatible offers send the game to the next period while compatible offers end the game with a split-the-difference trade. The authors study the set of perfect equilibria and the set of universal perfect equilibria (the concept of universal perfection is stronger than perfection: it requires robustness against every rather just one sequence of perturbed games).