Symmetric play in repeated allocation games

A-Tier
Journal: Journal of Economic Theory
Year: 2014
Volume: 154
Issue: C
Pages: 25-67

Score contribution per author:

1.341 = (α=2.01 / 3 authors) × 2.0x A-tier

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

Abstract

We study symmetric play in a class of repeated games when players are patient. We show that, while the use of symmetric strategy profiles essentially does not restrict the set of feasible payoffs, the set of equilibrium payoffs is an interesting proper subset of the feasible and individually rational set. We also provide a theory of how rational individuals play these games, identifying particular strategies as focal through the considerations of Pareto optimality and simplicity. We report experiments that support many aspects of this theory.

Technical Details

RePEc Handle
repec:eee:jetheo:v:154:y:2014:i:c:p:25-67
Journal Field
Theory
Author Count
3
Added to Database
2026-01-25