Cripps, M.W.;
Thomas, J.;
(1995)
Reputation and commitment in two-person repeated games without discounting.
Econometrica
, 63
(6)
pp. 1401-1419.
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Abstract
Two-person repeated games with no discounting are considered where there is uncertainty about the type of the players. If there is a possibility that a player is an automaton committed to a particular pure or mixed stage-game action, then this provides a lower bound on the Nash equilibrium payoffs to a normal type of this player. The lower bound is the best available and is robust to the existence of other types. The results are extended to the case of two-sided uncertainty. This work extends Schmidt (1993) who analyzed the restricted class of conflicting interest games.
| Type: | Article |
|---|---|
| Title: | Reputation and commitment in two-person repeated games without discounting |
| Open access status: | An open access version is available from UCL Discovery |
| Publisher version: | http://www.jstor.org/stable/2171775 |
| Language: | English |
| Additional information: | The copyright to this article is held by the Econometric Society, http://www.econometricsociety.org. It may be downloaded, printed and reproduced only for personal or classroom use. Absolutely no downloading or copying may be done for, or on behalf of, any for-profit commercial firm or other commercial purpose without the explicit permission of the Econometric Society. For this purpose, contact Claire Sashi, General Manager, at sashi@econometricsociety.org. This article is available via subscription at http://www.jstor.org/stable/2171775 |
| UCL classification: | UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Economics |
| URI: | https://discovery.ucl.ac.uk/id/eprint/16389 |
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