Econometrica Vol. 56 No. 2 1988
On the Theory of Infinitely Repeated Games with Discounting
Abstract
This paper presents a systematic framework for studying infinitely-repeated games with discounting, focusing on pure strategy (subgame) perfect equilibria. It introduces a number of concepts whi ch organize the theory in a natural way. These include the idea of an optimal penal code, and the related notions of simple penal codes an d simple strategy profiles.
- DOI
- 10.2307/1911077
- Volume
- 56
- Issue
- 2
- Pages
- 383
- Sources
- bibtex:phds-export.bib crossref openalex