Title of article :
nfinitely-repeated games with endogenous discounting
Author/Authors :
Neilson، نويسنده , , William S.; Winter، نويسنده , , Harold ، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 1996
Abstract :
The standard repeated game setting is changed by allowing one player to decide the time interval between repetitions. The resulting folk theorem states that any individually rational stage-game strategy combination can be repeated in equilibrium, with no threshold discount factor requirement.
Keywords :
repeated games , Folk theorem , Cooperation , Discounting
Journal title :
Economics Letters
Journal title :
Economics Letters
