Title of article
Improvement paths in repeated pure coordination games
Author/Authors
William Stanford، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2004
Pages
5
From page
341
To page
345
Abstract
We apply the one-sided better reply dynamic and the idea of pure strategy profile improvement path to discounted, infinitely repeated pure coordination games (games with common payoffs). If the stage game is finite, starting from any finite complexity repeated game strategy profile, such improvement paths must exist and must be finite. Furthermore, maximal improvement paths always terminate in pure strategy subgame perfect Nash equilibria of the repeated game. Related to this, we conclude with some observations on infinitely repeated infinite pure coordination games.
Keywords
Coordination Games , Common payoffs , Repeated games , Subgame perfect nash equilibria , improvement path
Journal title
Economics Letters
Serial Year
2004
Journal title
Economics Letters
Record number
435555
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