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Revision Games

delete2020-01-01
delete10
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OA
AI
Y
Yuichiro Kamada *
M
Michihiro Kandori
DOI:10.3982/ECTA15272delete
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摘要

摘要

En 中文
This paper proposes a class of games calledrevision games. In a revision game, players start with initially prepared actions, followed by a sequence of random revision opportunities until a predetermined deadline. In the course of revisions, players monitor each other's behavior. It is shown that players can cooperate and that their behavior under the optimal equilibrium is described by a simple differential equation. We present the necessary and sufficient conditions for cooperation to be sustained in revision games. We also present applications to the preopening activities in the stock exchange and to an electoral campaign.
Keyword:
Cooperation
trigger strategy
preopening
election campaign
revision games
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期刊

Econometrica 封面图
Econometrica
IF:
7.1
论文数:
3.0K
被引数:
4.3W

机构

U
University of California Berkeley
学者数:
3.5W
论文数: 2.8W
被引数: 11.3W
University of California System 封面图
University of California System
学者数:
37.7W
论文数: 33.8W
被引数: 6.6K
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