Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5062238 | Economics Letters | 2007 | 7 Pages |
Abstract
A game with multiple equilibria and incomplete information, which allows for reputation building, is repeated infinitely many times. Increasing differences in patience contribute to a greater likelihood of cooperation. As one player becomes sufficiently more patient than the other player, both players benefit, and both players' risk limits, and the conflict between the players, decrease.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Kjell Hausken,