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dc.contributor.authorHarrington, Joseph E.en
dc.contributor.authorZhao, Weien
dc.date.accessioned2011-09-27T15:18:19Z-
dc.date.available2011-09-27T15:18:19Z-
dc.date.issued2010-
dc.identifier.urihttp://hdl.handle.net/10419/49866-
dc.description.abstractIn the context of an infinitely repeated Prisoners' Dilemma, we explore how cooperation is initiated when players communicate and coordinate through their actions. There are two types of players - patient and impatient - which are private information. An impatient type is incapable of cooperative play, while if both players are patient types - and this is common knowledge - then they can cooperate with a grim trigger strategy. We find that the longer that players have gone without cooperating, the lower is the probability that they'll cooperate in the next period. While the probability of cooperation emerging is always positive, there is a positive probability that cooperation never occurs.en
dc.language.isoengen
dc.publisher|aThe Johns Hopkins University, Department of Economics |cBaltimore, MDen
dc.relation.ispartofseries|aWorking Paper |x559en
dc.subject.ddc330en
dc.titleTacit collusion in an infinitely repeated prisoners' dilemma-
dc.typeWorking Paperen
dc.identifier.ppn635251558en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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