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An Example of a Repeated Partnership Game with Discounting and with Uniformly Inefficient Equilibria

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Cited by:

  1. Sugaya, Takuo & Yamamoto, Yuichi, 2020. "Common learning and cooperation in repeated games," Theoretical Economics, Econometric Society, vol. 15(3), July.
  2. Magnoli Bocchi, Alessandro, 2008. "Rising growth, declining investment : the puzzle of the Philippines," Policy Research Working Paper Series 4472, The World Bank.
  3. Blume, Andreas & Franco, April Mitchell, 2007. "Decentralized learning from failure," Journal of Economic Theory, Elsevier, vol. 133(1), pages 504-523, March.
  4. Michael Hechter, 1992. "The Insufficiency of Game Theory for the Resolution of Real-World Collective Action Problems," Rationality and Society, , vol. 4(1), pages 33-40, January.
  5. Flesch, János & Perea, Andrés, 2009. "Repeated games with voluntary information purchase," Games and Economic Behavior, Elsevier, vol. 66(1), pages 126-145, May.
  6. Johannes Horner & Takuo Sugaya & Satoru Takahashi & Nicolas Vieille, 2009. "Recursive Methods in Discounted Stochastic Games: An Algorithm for delta Approaching 1 and a Folk Theorem," Cowles Foundation Discussion Papers 1742, Cowles Foundation for Research in Economics, Yale University, revised Aug 2010.
  7. Holcomb, James H. & Nelson, Paul S., 1997. "The role of monitoring in duopoly market outcomes," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 26(1), pages 79-93.
  8. Chan, Jimmy & Zhang, Wenzhang, 2023. "Self-evident events and the value of linking," Journal of Economic Theory, Elsevier, vol. 212(C).
  9. Rand, David G. & Fudenberg, Drew & Dreber, Anna, 2015. "It's the thought that counts: The role of intentions in noisy repeated games," Journal of Economic Behavior & Organization, Elsevier, vol. 116(C), pages 481-499.
  10. Blume, Andreas & Heidhues, Paul, 2006. "Private monitoring in auctions," Journal of Economic Theory, Elsevier, vol. 131(1), pages 179-211, November.
  11. Nicolas Vieille, 2010. "Recursive Methods in Discounted Stochastic Games: An Algorithm for - 1 and a Folk Theorem," Post-Print hal-00543616, HAL.
  12. Patrick Legros & Steven A. Matthews, 1993. "Efficient and Nearly-Efficient Partnerships," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 60(3), pages 599-611.
  13. Bhaskar, V. & van Damme, Eric, 2002. "Moral Hazard and Private Monitoring," Journal of Economic Theory, Elsevier, vol. 102(1), pages 16-39, January.
  14. Cole, Harold L. & Kocherlakota, Narayana R., 2005. "Finite memory and imperfect monitoring," Games and Economic Behavior, Elsevier, vol. 53(1), pages 59-72, October.
  15. Ben-Porath, Elchanan & Kahneman, Michael, 2003. "Communication in repeated games with costly monitoring," Games and Economic Behavior, Elsevier, vol. 44(2), pages 227-250, August.
  16. Strausz, Roland, 1999. "Efficiency in Sequential Partnerships," Journal of Economic Theory, Elsevier, vol. 85(1), pages 140-156, March.
  17. David Rahman, 2012. "But Who Will Monitor the Monitor?," American Economic Review, American Economic Association, vol. 102(6), pages 2767-2797, October.
  18. Cetemen, Doruk & Hwang, Ilwoo & Kaya, Ayça, 2020. "Uncertainty-driven cooperation," Theoretical Economics, Econometric Society, vol. 15(3), July.
  19. Miyagawa, Eiichi & Miyahara, Yasuyuki & Sekiguchi, Tadashi, 2008. "The folk theorem for repeated games with observation costs," Journal of Economic Theory, Elsevier, vol. 139(1), pages 192-221, March.
  20. Marie Laclau & Tristan Tomala, 2016. "Repeated games with public information revisited," PSE Working Papers hal-01285326, HAL.
  21. Kobayashi, Hajime & Ohta, Katsunori & Sekiguchi, Tadashi, 2016. "Optimal sharing rules in repeated partnerships," Journal of Economic Theory, Elsevier, vol. 166(C), pages 311-323.
  22. Francesco Lancia & Alessia Russo, 2011. "Self-Commitment-Institutions and Cooperation in Overlapping Generations Games," Center for Economic Research (RECent) 073, University of Modena and Reggio E., Dept. of Economics "Marco Biagi".
  23. Paolo Crosetto & Alexia Gaudeul & Gerhard Riener, 2012. "Partnerships, Imperfect Monitoring and Outside Options: Theory and Experimental Evidence," Jena Economics Research Papers 2012-052, Friedrich-Schiller-University Jena.
  24. Eduardo Monteiro & Humberto Moreira, 2006. "Effciency In Two Player Repeated Games Of Imperfect Monitoring," Anais do XXXIV Encontro Nacional de Economia [Proceedings of the 34th Brazilian Economics Meeting] 113, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
  25. Yuki Kumagai, 2010. "Networks and Markets. The dynamic impacts of information, matching and transaction costs on trade," Discussion Papers 2010-07, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
  26. , H. & ,, 2016. "Approximate efficiency in repeated games with side-payments and correlated signals," Theoretical Economics, Econometric Society, vol. 11(1), January.
  27. Volker Nocke & Roland Strausz, 2023. "Collective Brand Reputation," Journal of Political Economy, University of Chicago Press, vol. 131(1), pages 1-58.
  28. Jean-Jacques Laffont, 1987. "Le risque moral dans la relation de mandat," Revue Économique, Programme National Persée, vol. 38(1), pages 5-24.
  29. Mihaela Schaar & Yuanzhang Xiao & William Zame, 2015. "Efficient outcomes in repeated games with limited monitoring," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 60(1), pages 1-34, September.
  30. Rafael Rob & Tadashi Sekiguchi, 2006. "Reputation and turnover," RAND Journal of Economics, RAND Corporation, vol. 37(2), pages 341-361, June.
  31. Damien S Eldridge, 2007. "A Shirking Theory of Referrals," Working Papers 2007.05, School of Economics, La Trobe University.
  32. Rudolf Kerschbamer & Muriel Niederle & Josef Perktold, 2000. "Market Institutions and Quality Enforcement," Econometric Society World Congress 2000 Contributed Papers 1482, Econometric Society.
  33. Laclau, Marie & Tomala, Tristan, 2017. "Repeated games with public deterministic monitoring," Journal of Economic Theory, Elsevier, vol. 169(C), pages 400-424.
  34. Abreu, Dilip & Milgrom, Paul & Pearce, David, 1991. "Information and Timing in Repeated Partnerships," Econometrica, Econometric Society, vol. 59(6), pages 1713-1733, November.
  35. Terrence August & Hyoduk Shin & Tunay I. Tunca, 2018. "Generating Value Through Open Source: Software Service Market Regulation and Licensing Policy," Information Systems Research, INFORMS, vol. 29(1), pages 186-205, March.
  36. d'Aspremont, Claude & Gerard-Varet, Louis-Andre, 1998. "Linear Inequality Methods to Enforce Partnerships under Uncertainty: An Overview," Games and Economic Behavior, Elsevier, vol. 25(2), pages 311-336, November.
  37. Drew Fudenberg & David K. Levine, 2009. "Repeated Games with Frequent Signals," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 124(1), pages 233-265.
  38. Takuo Sugaya, 2022. "Folk Theorem in Repeated Games with Private Monitoring [Collusion in Dynamic Bertrand Oligopoly with Correlated Private Signals and Communication]," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 89(4), pages 2201-2256.
  39. Battaglini, Marco, 2006. "Joint production in teams," Journal of Economic Theory, Elsevier, vol. 130(1), pages 138-167, September.
  40. James M. Malcomson, 2012. "Relational Incentive Contracts [The Handbook of Organizational Economics]," Introductory Chapters,, Princeton University Press.
  41. Weinschenk, Philipp, 2021. "On the benefits of time-inconsistent preferences," Journal of Economic Behavior & Organization, Elsevier, vol. 182(C), pages 185-195.
  42. David G. Pearce & Dilip Abreu & Ennio Stacchetti, 1989. "Renegotiation and Symmetry in Repeated Games," Cowles Foundation Discussion Papers 920, Cowles Foundation for Research in Economics, Yale University.
  43. Escobar, Juan F. & Llanes, Gastón, 2018. "Cooperation dynamics in repeated games of adverse selection," Journal of Economic Theory, Elsevier, vol. 176(C), pages 408-443.
  44. Dilip Abreu & David G. Pearce & Ennio Stacchetti, 1984. "Optimal Cartel Equilibria with Imperfect Monitoring," Cowles Foundation Discussion Papers 726, Cowles Foundation for Research in Economics, Yale University.
  45. Ichiro Obara, 2004. "Efficiency in Repeated Games Revisited: The Role of Private Strategies (with M. Kandori)," UCLA Economics Online Papers 281, UCLA Department of Economics.
  46. Gregorio Curello, 2021. "Incentives for Collective Innovation," Papers 2109.01885, arXiv.org, revised May 2023.
  47. Takizawa, Shinichiro, 2008. "The effect of decisions under uncertainty on imperfect monitoring games," Economics Letters, Elsevier, vol. 100(2), pages 165-168, August.
  48. Alistair Wilson & Hong Wu, 2014. "Dissolution of Partnerships in Infinitely Repeated Games," Working Paper 532, Department of Economics, University of Pittsburgh, revised Aug 2014.
  49. Fischer, Gregory, 2013. "Contract structure, risk sharing and investment choice," LSE Research Online Documents on Economics 46796, London School of Economics and Political Science, LSE Library.
  50. David Rahman, 2014. "The Power of Communication," American Economic Review, American Economic Association, vol. 104(11), pages 3737-3751, November.
  51. Fudenberg, Drew & Yamamoto, Yuichi, 2011. "Learning from private information in noisy repeated games," Journal of Economic Theory, Elsevier, vol. 146(5), pages 1733-1769, September.
  52. Njoroge Kenneth, 2003. "Information Pooling and Collusion: Implications for The Livestock Mandatory Reporting Act," Journal of Agricultural & Food Industrial Organization, De Gruyter, vol. 1(1), pages 1-15, May.
  53. Andreas Blume & April Franco, 2002. "Learning from failure," Staff Report 299, Federal Reserve Bank of Minneapolis.
  54. Özalp Özer & Yanchong Zheng & Kay-Yut Chen, 2011. "Trust in Forecast Information Sharing," Management Science, INFORMS, vol. 57(6), pages 1111-1137, June.
  55. Ariane Lambert-Mogiliansky & Grigory Kosenok, 2009. "Fine-Tailored for the Cartel-Favoritism in Procurement," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 35(1), pages 95-121, September.
  56. Matsushima, Hitoshi, 2001. "Multimarket Contact, Imperfect Monitoring, and Implicit Collusion," Journal of Economic Theory, Elsevier, vol. 98(1), pages 158-178, May.
  57. Radner, Roy, 1991. "Dynamic games in organization theory," Journal of Economic Behavior & Organization, Elsevier, vol. 16(1-2), pages 217-260, July.
  58. Steven R. Williams & Roy Radner, 1988. "Efficiency in Partnership When The Joint Output is Uncertain," Discussion Papers 760, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  59. René Levínský & Abraham Neyman & Miroslav Zelený, 2020. "Should I remember more than you? Best responses to factored strategies," International Journal of Game Theory, Springer;Game Theory Society, vol. 49(4), pages 1105-1124, December.
  60. Curello, Gregorio, 2023. "Incentives for Collective Innovation," VfS Annual Conference 2023 (Regensburg): Growth and the "sociale Frage" 277708, Verein für Socialpolitik / German Economic Association.
  61. Drew Fudenberg & David K. Levine, 2008. "An Approximate Folk Theorem with Imperfect Private Information," World Scientific Book Chapters, in: Drew Fudenberg & David K Levine (ed.), A Long-Run Collaboration On Long-Run Games, chapter 14, pages 309-330, World Scientific Publishing Co. Pte. Ltd..
  62. Michihiro Kandori & Ichiro Obara, 2006. "Efficiency in Repeated Games Revisited: The Role of Private Strategies," Econometrica, Econometric Society, vol. 74(2), pages 499-519, March.
  63. Eric Maskin, 2001. "Roy Radner and Incentive Theory," Economics Working Papers 0004, Institute for Advanced Study, School of Social Science.
  64. Emilio Bisetti & Benjamin Tengelsen & Ariel Zetlin‐Jones, 2022. "Moral Hazard In Remote Teams," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 63(4), pages 1595-1623, November.
  65. Olivier Compte & Andrew Postlewaite, 2013. "Folk Theorems, Second Version," PIER Working Paper Archive 13-022, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 01 Apr 2013.
  66. D’Ignazio, Alessio & Giovannetti, Emanuele, 2015. "Predicting internet commercial connectivity wars: The impact of trust and operators’ asymmetry," International Journal of Forecasting, Elsevier, vol. 31(4), pages 1127-1137.
  67. Compte, Olivier, 2002. "On Failing to Cooperate When Monitoring Is Private," Journal of Economic Theory, Elsevier, vol. 102(1), pages 151-188, January.
  68. Compte, Olivier, 2002. "On Sustaining Cooperation without Public Observations," Journal of Economic Theory, Elsevier, vol. 102(1), pages 106-150, January.
  69. Hendrik Hakenes & Svetlana Katolnik, 2018. "Optimal Team Size and Overconfidence," Group Decision and Negotiation, Springer, vol. 27(4), pages 665-687, August.
  70. Wilson, Alistair J. & Wu, Hong, 2017. "At-will relationships: How an option to walk away affects cooperation and efficiency," Games and Economic Behavior, Elsevier, vol. 102(C), pages 487-507.
  71. Yuichi Yamamoto, 2014. "We Can Cooperate Even When the Monitoring Structure Will Never Be Known," PIER Working Paper Archive 17-011, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 08 Apr 2017.
  72. Madanmohan Ghosh & Carlo Perroni & John Whalley, 1999. "The Value of MFN Treatment to Developing Countries," University of Western Ontario, Departmental Research Report Series 9916, University of Western Ontario, Department of Economics.
  73. Dilip Abreu & David G. Pearce & Ennio Stacchetti, 1986. "Toward a Theory of Discounted Repeated Games with Imperfect Monitoring," Cowles Foundation Discussion Papers 791, Cowles Foundation for Research in Economics, Yale University.
  74. Yu Awaya & Vijay Krishna, 2020. "Information exchange in cartels," RAND Journal of Economics, RAND Corporation, vol. 51(2), pages 421-446, June.
  75. Weinschenk, Philipp, 2016. "Procrastination in teams and contract design," Games and Economic Behavior, Elsevier, vol. 98(C), pages 264-283.
  76. Joshua Herries & Daniel I. Rees & Jeffrey S. Zax, 2003. "Interdependence in worker productivity," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 18(5), pages 585-604.
  77. Paolo Crosetto & Alexia Gaudeul & Gerhard Riener, 2012. "Partnerships, Imperfect Monitoring and Outside Options: Theory and Experimental Evidence," Jena Economics Research Papers 2012-052, Friedrich-Schiller-University Jena.
  78. Yuki Kumagai, 2010. "Networks and Markets. The dynamic impacts of information, matching and transaction costs on trade," Discussion Papers 2010-07, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
  79. Cici, Gjergji & Jaspersen, Stefan & Kempf, Alexander, 2015. "Speed of information diffusion within fund families," CFR Working Papers 15-02 [rev.], University of Cologne, Centre for Financial Research (CFR).
  80. Dilip Abreu & David Pearce & Ennio Stacchetti, 1997. "Optimal Cartel Equilibria with Imperfect monitoring," Levine's Working Paper Archive 632, David K. Levine.
  81. Michihiro Kandori & Hitoshi Matsushima, 1997. "Private observation and Communication and Collusion," Levine's Working Paper Archive 1256, David K. Levine.
  82. Takaomi Notsu, 2023. "Collusion with capacity constraints under a sales maximization rationing rule," International Journal of Game Theory, Springer;Game Theory Society, vol. 52(2), pages 485-516, June.
  83. Heller, Yuval & Sturrock, David, 2020. "Promises and endogenous reneging costs," Journal of Economic Theory, Elsevier, vol. 187(C).
  84. Aumann, Robert J., 1997. "Rationality and Bounded Rationality," Games and Economic Behavior, Elsevier, vol. 21(1-2), pages 2-14, October.
  85. Hitoshi Matsushima, 2002. "Repeated Games with Correlated Private Monitoring and Secret Price Cuts," CIRJE F-Series CIRJE-F-154, CIRJE, Faculty of Economics, University of Tokyo.
  86. Michihiro Kandori, 2011. "Weakly Belief‐Free Equilibria in Repeated Games With Private Monitoring," Econometrica, Econometric Society, vol. 79(3), pages 877-892, May.
  87. Sherstyuk, Katerina, 1998. "Efficiency in partnership structures," Journal of Economic Behavior & Organization, Elsevier, vol. 36(3), pages 331-346, August.
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  90. Yuki Kumagai, 2009. "Networks and Markets: The dynamic impacts of information, matching and transaction costs on global trade," Discussion Papers 2009-22, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
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  93. Yuki Kumagai, 2009. "Networks and Markets: The dynamic impacts of information, matching and transaction costs on global trade," Discussion Papers 2009-22, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
  94. Flesch, J. & Perea ý Monsuwé, A., 2007. "Repeated games with voluntary information purchase," Research Memorandum 057, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
  95. Takuo Sugaya & Yuichi Yamamoto, 2019. "Common Learning and Cooperation in Repeated Games," PIER Working Paper Archive 19-008, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
  96. Kobayashi, Hajime & Ohta, Katsunori, 2012. "Optimal collusion under imperfect monitoring in multimarket contact," Games and Economic Behavior, Elsevier, vol. 76(2), pages 636-647.
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