On effective minimax payoffs and unequal discounting

C-Tier
Journal: Economics Letters
Year: 2008
Volume: 100
Issue: 1
Pages: 105-107

Score contribution per author:

1.009 = (α=2.02 / 1 authors) × 0.5x C-tier

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

Abstract

We show that the folk theorem in Wen [Q. Wen (1994), The "Folk Theorem" for repeated games with complete information, Econometrica, 62, 949-954.] may not fully characterize the subgame perfect equilibrium payoff set in a repeated game with unequal discounting, where a player's equilibrium payoff could be strictly less than her effective minimax payoff.

Technical Details

RePEc Handle
repec:eee:ecolet:v:100:y:2008:i:1:p:105-107
Journal Field
General
Author Count
1
Added to Database
2026-01-25