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A tractable analysis of contagious equilibria

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 > Professuren Wirtschaftswissenschaften > Experimental Makroeconomics (Camera)
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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Last Modified:12 Jul 2018 09:17
Deposited On:12 Dec 2016 11:03

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