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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- Farrell, Joseph & Maskin, Eric, 1989.
"Renegotiation in repeated games,"
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- van Damme, E.E.C., 1989. "Renegotiation-proof equilibria in repeated prisoners' dilemma," Other publications TiSEM df9180a1-537e-4331-9f2a-7, Tilburg University, School of Economics and Management.
- Driffill, John & Schultz, Christian, 1995.
"Renegotiation in a repeated Cournot duopoly,"
Elsevier, vol. 47(2), pages 143-148, February.
- Fudenberg, Drew & Maskin, Eric, 1986. "The Folk Theorem in Repeated Games with Discounting or with Incomplete Information," Econometrica, Econometric Society, vol. 54(3), pages 533-54, May.
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