Question: Consider the finite - horizon Nash bargaining problem discussed in section 1 2 . 9 of the textbook. Keep everything the same, except that the

Consider the finite-horizon Nash bargaining problem discussed in section 12.9 of the textbook. Keep everything
the same, except that the number of periods is changed from 2 to 2n. We call two consecutive periods a
super-period. For example, period 1 and period 2 are called super-period 1. Similarly, periods 3 and 4 are
called super-period 2. In general, super-period i, where i =1,2,..., n, contains two periods. The first period
is period 2i1 and the second period is period 2i. Node A proposes a split in the first period of super-periods
and Node B proposes a split in the second period of super-periods. Denote the split proposed by node A in
super-period i by (a1(i), b1(i)), i =1,2,..., n. Similarly, denote the split proposed by node B in super-period
i by (a2(i), b2(i)).
a) Derive (a1(i), b1(i)) and (a2(i), b2(i)) for i =1,2,..., n.
b) Show that as n goes to infinity, the limits of the splits derived in part (a) are

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