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Gradualism And Irreversibility

Author

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  • Lockwood, Ben
  • Thomas, Jonathan

Abstract

This paper considers a class of two-player dynamic games in which each player controls a one-dimensional variable which we interpret as a level of cooperation. In the base model, there is an irreversibility constraint stating that this variable can never be reduced, only increased. It otherwise satisfies the usual discounted repeated game assumptions.
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Suggested Citation

  • Lockwood, Ben & Thomas, Jonathan, "undated". "Gradualism And Irreversibility," Economic Research Papers 269245, University of Warwick - Department of Economics.
    • Handle: RePEc:ags:uwarer:269245
    DOI: 10.22004/ag.econ.269245
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    JEL classification:

    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods

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