• 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