Renegotiation in Finitely Repeated Games
研究有限重复博弈中不受重新谈判影响的均衡收益集的极限性质,发现该极限要么是单点,要么是帕累托有效边界上的连通子集,并给出了后者的简单充分条件。
Perfect equilibria of finitely repeated games may be vulnerable to the possibility of renegotiation among players. We study the limiting properties of the set of payoffs from equilibria that are immune to renegotiation. Our main result is that the limit of the set of payoffs from renegotiation proof equilibria is either a singleton or a connected subset of the Pareto efficient frontier. A simple sufficient condition for the latter to occur is also provided.