An axiomatization of plays in repeated games

B-Tier
Journal: Games and Economic Behavior
Year: 2018
Volume: 110
Issue: C
Pages: 19-31

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Suppose that, in repeated games, players eventually engage in a pattern of action profiles, which we call a convention. Do some conventions seem more plausible than others? We answer axiomatically based on the principles of stability and efficient simplicity. The main solution says that conventions should be constant repetitions of a static Nash equilibrium, or such that players switch between two Pareto unranked profiles (across which they each change action). In some repeated games, this reduces the multiplicity of outcomes and even leads to uniqueness. The paper also reports experimental evidence that supports our findings.

Technical Details

RePEc Handle
repec:eee:gamebe:v:110:y:2018:i:c:p:19-31
Journal Field
Theory
Author Count
1
Added to Database
2026-01-25