Mediation and the Nash bargaining solution
The author studies a model of bargaining in which two parties use a mediator who sequentially makes random proposals until agreement by both parties is reached. The main result of the paper is that the subgame perfect payoffs converge to the asymmetric Nash bargaining solution if the discount rates become arbitrarily small. In this case, the weights are determined by the discount rates of the players.
scientific article; zbMATH DE number 1761910