Renegotiation in 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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|Date of creation:||Sep 1991|
|Date of revision:|
|Publication status:||Published in: Economics Letters, 1995, 47(2) pp 143-148|
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- Farrell, Joseph & Maskin, Eric, 1987.
"Renegotiation in Repeated Games,"
Department of Economics, Working Paper Series
qt9wv3h5jb, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
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- Schultz Christian, 1994.
"A Note on Strongly Renegotiation-Proof Equilibria,"
Games and Economic Behavior,
Elsevier, vol. 6(3), pages 469-473, May.
- Driffill, John & Schultz, Christian, 1995.
"Renegotiation in a repeated Cournot duopoly,"
Elsevier, vol. 47(2), pages 143-148, February.
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