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dc.contributor.authorHarrington, Joseph E.en_US
dc.contributor.authorZhao, Weien_US
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_US
dc.publisher|aJohns Hopkins Univ., Dep. of Economics |cBaltimore, Md.en_US
dc.relation.ispartofseries|aWorking papers // the Johns Hopkins University, Department of Economics |x559en_US
dc.titleTacit collusion in an infinitely repeated prisoners' dilemmaen_US
dc.typeWorking Paperen_US

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