Repeated Games with Endogenous Discounting
نویسندگان
چکیده
منابع مشابه
Repeated games with general discounting
We introduce a general class of time discounting, which includes time-inconsistent ones, into repeated games with perfect monitoring. A strategy profile is called an agent subgame perfect equilibrium if there is no profitable one-shot deviation at any history. We characterize strongly symmetric agent subgame perfect equilibria for repeated games with symmetric stage game. We find that the harsh...
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Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org/about/terms.html. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your perso...
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Reputation is often modelled by a small but positive prior probability that a player is a “behavioral type” in repeated games. This paper investigates the source of this reputation by allowing two fully rational, equally patient players in a standard infinitely repeated game to commit privately to any behavioral strategy they wish at the beginning of the game. Even with forward induction restri...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2015
ISSN: 1556-5068
DOI: 10.2139/ssrn.2714337