Repeated Cournot model with justifiable punishments
We study subgame perfect equilibria with justifiable punishments in a repeated Cournot model with more than two firms. To implement any of such equilibria, our intuitive strategy design may not be further simplified given the requirement for justifiable punishments.
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- Drew Fudenberg & Jean Tirole, 1991. "Game Theory," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262061414, January.
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- Aramendia, Miguel & Wen, Quan, 2014. "Justifiable punishments in repeated games," Games and Economic Behavior, Elsevier, vol. 88(C), pages 16-28. Full references (including those not matched with items on IDEAS)
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