Equilibrium and perfection in discounted supergames

DOI10.1007/BF01756243MaRDI QIDQ1090635zbMATH OpenOpenAlexFDO

Authors Jonathan A. K. Cave

Publication date 1987

Published in International Journal of Game Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/bf01756243

zbMATH Keywords

perfect equilibriumsupergame

Mathematics Subject Classification ID

Multistage and repeated games (91A20)

Review text

We discuss equilibrium and perfect equilibrium in a simplified model of the supergame. We assume that players can observe the mixed moves employed by all players at each previous stage. For this model, we obtain a complete characterization of the set of equilibrium outcomes, and a fairly weak sufficient condition for this set to coincide with the set of perfect equilibrium outcomes. Inter alia, simple proofs of the Folk Theorem and the result that the requirement of perfection does not eliminate any equilibrium outcomes for the undiscounted supergame are presented.

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Cites work

• Competitive Exchange
• scientific article; zbMATH DE number 592674 (Why is no real title available?)
• scientific article; zbMATH DE number 3277161 (Why is no real title available?)
• scientific article; zbMATH DE number 3078991 (Why is no real title available?)

Cited in

(15)

• The optimality of optimal punishments in Cournot supergames
• Subgame perfect reaction function equilibria in discounted duopoly supergames are trivial
• Folk theorems for the observable implications of repeated games
• The graph of Prisoners' Dilemma supergame payoffs as a function of the discount factor
• Critical discount factor values in discounted supergames
• Equilibrium paths in discounted supergames
• The approximation of a strong perfect equilibrium in a discounted supergame
• The maximum efficient equilibrium payoff in the repeated prisoners' dilemma.
• Existence and local stability of Pareto superior reaction function equilibria in discounted supergames
• scientific article; zbMATH DE number 592674 (Why is no real title available?)
• Fractal geometry of equilibrium payoffs in discounted supergames
• Computing Supergame Equilibria
• A supergame-theoretic model with consumer loyalty
• Characterizations of the equilibrium payoffs of inertia supergames
• On the size and structure of group cooperation

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