Abstract
We study a bilateral multi-issue bargaining procedure with complete information and endogenous agenda. In the procedure, proposals must be made on only one issue at a time, although the proposer can choose which issue to bring to the table. When bargaining frictions are small, there is a large multiplicity of equilibrium agreements, including ones with delay. However, equilibrium payoffs cannot be made arbitrarily small—perpetual disagreement cannot be supported in equilibrium. This multiplicity contrasts with the uniqueness found in the literature for a procedure where offers can be made in any subset of remaining issues.
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