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SSE/EFI Working Paper Series in Economics and Finance, EFI - The Economic Research Institute, Stockholm School of Economics >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/56087
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | BernergÄrd, Axel | | en_US |
| dc.date.accessioned | | 2012-02-14 | | en_US |
| dc.date.accessioned | | 2012-03-28T13:02:50Z | | - |
| dc.date.available | | 2012-03-28T13:02:50Z | | - |
| dc.date.issued | | 2011 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/56087 | | - |
| dc.description.abstract | | The folk theorems for infinitely repeated games with discounting presume that the discount rate between two successive periods is constant. Following the literature on quasi-exponential or hyperbolic discounting, I model the repeated interaction between two or more decision makers in a way that allows present-biased discounting where the discount factor between two successive periods increases with the waiting time until the periods are reached. I generalize Fudenberg and Maskin's (1986) and Abreu, Dutta and Smith's (1994) folk theorems for repeated games with discounting so that they apply when discounting is present-biased. Patience is then represented either by the discount factor between the next and the current period or, alternatively, by the sum of the discount factors for all future periods. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Ekonomiska Forskningsinst. Stockholm | | en_US |
| dc.relation.ispartofseries | | SSE/EFI Working Paper Series in Economics and Finance 736 | | en_US |
| dc.subject.jel | | C73 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | folk theorem | | en_US |
| dc.subject.keyword | | present-biased | | en_US |
| dc.subject.keyword | | discounting | | en_US |
| dc.subject.keyword | | hyperbolic | | en_US |
| dc.subject.stw | | Wiederholte Spiele | | en_US |
| dc.subject.stw | | Zeitkonsistenz | | en_US |
| dc.subject.stw | | Folk-Theorem | | en_US |
| dc.subject.stw | | Spieltheorie | | en_US |
| dc.title | | Folk theorems for present-biased players | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 663470307 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | SSE/EFI Working Paper Series in Economics and Finance, EFI - The Economic Research Institute, Stockholm School of Economics
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