Abstract
We present a noncooperative repeated bargaining model for a two-person game in normal form in which the Nash bargaining solution can be implemented as a unique stationary subgame perfect equilibrium point in the limiting case that the discount factor of payoffs goes to 1. Our bargaining game is based on the supergame model in a way that two players are allowed to negotiate for a long-term contract on actions before they select their own actions independently. The disagreement point of the Nash bargaining solution is determined to be a Nash equilibrium point of the normal form game. If short-term contracts only are enforceable, the Nash bargaining solution can not be implemented.
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