Camera, Gabriele and Gioffré, Alessandro. (2014) A tractable analysis of contagious equilibria. Journal of Mathematical Economics, 50. pp. 290-300.
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Official URL: http://edoc.unibas.ch/42856/
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Abstract
This paper studies contagious equilibrium in infinitely repeated matching games. The innovation is to identify a key statistic of contagious punishment that, used together with a recursive formulation, generates tractable closed-form expressions for continuation payoffs, off equilibrium. This allows a transparent characterization of the dynamic incentives created by contagious punishment schemes.
| Faculties and Departments: | 06 Faculty of Business and Economics > Departement Wirtschaftswissenschaften > Ehemalige Einheiten Wirtschaftswissenschaften > Experimental Makroeconomics (Camera) |
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| UniBasel Contributors: | Camera, Gabriele |
| Item Type: | Article, refereed |
| Article Subtype: | Research Article |
| Publisher: | Elsevier |
| ISSN: | 0304-4068 |
| Note: | Publication type according to Uni Basel Research Database: Journal article |
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| Identification Number: | |
| Last Modified: | 12 Dec 2016 11:03 |
| Deposited On: | 12 Dec 2016 11:03 |
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