Title of article :
Asymmetric finite punishments in repeated games
Author/Authors :
Miguel Aramendia، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2006
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
Journal title :
Economics Letters
