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Cooperation in Revision Games and Some Applications

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  • Yuichiro Kamada
  • Michihiro Kandori

Abstract

The present paper provides some examples that illustrate how cooperation is achieved among rational and selfish agents when (i) they prepare their actions in advance and (ii) they have some opportunities to revise their actions. Specifically, we use the framework of revision games introduced by Kamada and Kandori [(2020). “Revision Games.” Econometrica 88: 1599–1630]. To judge the sustainability of cooperation in the examples, we show and utilise a simple and useful lemma.

Suggested Citation

  • Yuichiro Kamada & Michihiro Kandori, 2020. "Cooperation in Revision Games and Some Applications," Global Economic Review, Taylor & Francis Journals, vol. 49(4), pages 329-348, October.
    • Handle: RePEc:taf:glecrv:v:49:y:2020:i:4:p:329-348
    DOI: 10.1080/1226508X.2020.1836783
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