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AMS Acta
Book . 2015
License: CC BY NC
Data sources: AMS Acta
SSRN Electronic Journal
Article . 2015 . Peer-reviewed
Data sources: Crossref
AMS Acta
Other literature type . 2015
Data sources: Datacite
EconStor
Research . 2015
License: CC BY NC
Data sources: EconStor
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Parabolic Cylinders and Folk Theorems

Authors: Delbono, Flavio; Lambertini, Luca;

Parabolic Cylinders and Folk Theorems

Abstract

We study a class of games featuring payoff functions being parabolic cylinders where best reply functions are orthogonal and therefore the pure-strategy non-cooperative solution is attained as a Nash equilibrium in dominant strategies. We prove that the resulting threshold of the discount factor above which implicit collusion on the Pareto frontier is stable in the infinite supergames is independent of the number of players. This holds irrespective of whether punishment is based on infinite Nash reversion or one-shot stick-and-carrot strategy. We outline two examples stemming from economic theory and one from international relations.

Country
Italy
Keywords

SECS-P/01 Economia politica, C73, Quaderni - Working Paper DSE, ddc:330, parabolic cylinder; supergame; folk theorem; implicit collusion

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
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bronze