Question: game theory problem 7. Consider alternating offers bargaining with an infinite horizon. Using the solution from the lecture notes (first two bargaining lectures), find values

game theory problem

7. Consider alternating offers bargaining with an infinite horizon. Using the solution from the lecture notes (first two bargaining lectures), find values for 61, 62 such that (1) Player 1 obtains 2/3 and player 2 obtains 1/3, and (2) Player 1 obtains 1/3 and Player 2 obtains 2/3. Can you simply swap o, and 62 to go from one to the other? Explain how the solution illustrates that patience helps in bargaining

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