Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/233232 
Year of Publication: 
2007
Series/Report no.: 
Discussion paper No. 16
Publisher: 
Aboa Centre for Economics (ACE), Turku
Abstract: 
We study repeated prize allocation problem when the discount factors f the agents are not equal. It is shown that the feasible set of payoffs is not well behaved. In particular, it is not convex as it contains holes and caves. The Pareto frontier is everywhere discontinuous and there is an open subset of discount factors such that the feasible set is totally disconnected.
Subjects: 
payoffs
differentiated discount factor
repeated games
JEL: 
C60
C70
Document Type: 
Working Paper

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