Linking of Repeated Games. When Does It Lead to More Cooperation and Pareto Improvements?
Linking of repeated games and exchange of concessions in fields of relative strength may lead to more cooperation and to Pareto improvements relative to the situation where each game is played separately. In this paper we formalize these statements, provide some general results concerning the conditions for more cooperation and Pareto improvements to materialize or not and analyze the relation between both. Special attention is paid to the role of asymmetries.
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- Jean-Pierre Benoît & Vijay Krishna, 1996.
"The Folk Theorems for Repeated Games - A Synthesis,"
96-03, University of Copenhagen. Department of Economics.
- Jean-Pierre Benoit & Vijay Krishna, 1996. "The Folk Theorems for Repeated Games: A Synthesis," Game Theory and Information 9601001, EconWPA.
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- Benoit, Jean-Pierre & Krishna, Vijay, 1996. "The Folk Theorems For Repeated Games: A Synthesis," Working Papers 96-08, C.V. Starr Center for Applied Economics, New York University.
- Benoit, J.P. & Krishna, V., 1996. "The Folk Theorems for Repeated Games: A Synthesis," Papers 1-96-3, Pennsylvania State - Department of Economics.
- Just, Richard E. & Netanyahu, Sinaia, 2000. "The importance of structure in linking games," Agricultural Economics, Blackwell, vol. 24(1), pages 87-100, December.
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- B. Douglas Bernheim & Michael D. Whinston, 1990. "Multimarket Contact and Collusive Behavior," RAND Journal of Economics, The RAND Corporation, vol. 21(1), pages 1-26, Spring. Full references (including those not matched with items on IDEAS)
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