title: Veto Bargaining with Incomplete Information and Risk Preference: An Analysis of Brinkmanship
abstract: Abstract This paper explains brinkmanship with infinitely repeated veto bargaining games, where players have private information. In the basic model, the paper solves for two types of Perfect Bayesian Equilibria. First, in Risk-Taking Equilibria (RTE), the proposer is more risk-seeking and engages in brinkmanship. Secondly, in Risk-Avoiding Equilibria (RAE), the proposer is more risk-averse and does not engage in it. Brinkmanship is likely to fail because the vetoer knows that once she succumbs 
journal: Peace Economics Peace Science and Public Policy