Renegotiation in a repeated Cournot duopoly
We investigate a repeated Cournot duopoly with strictly convex cost functions. In an example the set of Weakly Renegotiation Proof Equilibrium payoffs shrinks towards the joint profit maximizing payoff point as marginal costs are made to rise more rapidly.
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91-13, University of Copenhagen. Department of Economics.
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92-06, University of Copenhagen. Department of Economics.
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