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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/10419/56161
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Blonski, Matthias | | en_US |
| dc.contributor.author | | Spagnolo, Giancarlo | | en_US |
| dc.date.accessioned | | 2012-03-28T13:04:58Z | | - |
| dc.date.available | | 2012-03-28T13:04:58Z | | - |
| dc.date.issued | | 2001 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/56161 | | - |
| dc.description.abstract | | We find that contrary to common perception, cooperation as equilibrium of the infinitely repeated discounted prisoner's dilemma is in many relevant cases not very plausible, or at least questionable: for a significant subset of the payoff-discount factor parameter space cooperation equilibria are strictly risk dominated by non-cooperation (according to the Harsanyi-Selten 1988 criterion). Examples include collusion equilibria in the repeated Cournot duopoly. | | 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 437 | | en_US |
| dc.subject.jel | | C72 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Prisoner's Dilemma | | en_US |
| dc.subject.keyword | | Risk dominance | | en_US |
| dc.subject.keyword | | Repeated games | | en_US |
| dc.subject.keyword | | Equilibrium selection | | en_US |
| dc.subject.keyword | | Cooperation | | en_US |
| dc.subject.keyword | | Collusion | | en_US |
| dc.subject.stw | | Gefangenendilemma | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.title | | Prisoners' other dilemma | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 333195701 | | 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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