Title of article
Asymmetric finite punishments in repeated games
Author/Authors
Miguel Aramendia، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2006
Pages
6
From page
234
To page
239
Abstract
We define a refinement of the subgame perfect equilibrium. The punishment for a deviation lasts for several periods after which the players revert to cooperative behavior, and during the punishment phase, the nondeviators are better off than the deviator.
Keywords
Infinitely repeated games , Asymmetric punishments
Journal title
Economics Letters
Serial Year
2006
Journal title
Economics Letters
Record number
435999
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