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Cooperation in Revision Games and Some Applications

Author

Listed:
  • Yuichiro Kamada

    (Haas School of Business, University of California, Berkeley)

  • Michihiro Kandori

    (Faculty of Economics, The University of Tokyo)

Abstract

The present paper provides some examples that illustrate how cooperation is achieved among rational and selfish agents when (i) they prepare their actions in advance and (ii) they have some opportunities to revise their actions. Specifically, we use the framework of revision games introduced by Kamada and Kandori (2019). To judge the sustainability of cooperation in the examples, we show and utilize a simple and useful lemma.

Suggested Citation

  • Yuichiro Kamada & Michihiro Kandori, 2019. "Cooperation in Revision Games and Some Applications," CIRJE F-Series CIRJE-F-1135, CIRJE, Faculty of Economics, University of Tokyo.
    • Handle: RePEc:tky:fseres:2019cf1135
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    File URL: http://www.cirje.e.u-tokyo.ac.jp/research/dp/2019/2019cf1135.pdf
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