On the Theory of Infinitely Repeated Games with Discounting
This paper presents a systematic framework for studying infinitely-repeated games with discounting, focusing on pure strategy (subgame) perfect equilibria. It introduces a number of concepts whi ch organize the theory in a natural way. These include the idea of an optimal penal code, and the related notions of simple penal codes an d simple strategy profiles. Copyright 1988 by The Econometric Society.
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Volume (Year): 56 (1988)
Issue (Month): 2 (March)
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