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Finitely Repeated Games with Small Side Payments
http://hdl.handle.net/2261/2455
http://hdl.handle.net/2261/24556e34734c-1869-4fc1-bd9a-67a73eddcb08
Item type | テクニカルレポート / Technical Report(1) | |||||
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公開日 | 2013-06-03 | |||||
タイトル | ||||||
タイトル | Finitely Repeated Games with Small Side Payments | |||||
言語 | ||||||
言語 | eng | |||||
キーワード | ||||||
主題Scheme | Other | |||||
主題 | Finitely Repeated Games | |||||
キーワード | ||||||
主題Scheme | Other | |||||
主題 | Discounting | |||||
キーワード | ||||||
主題Scheme | Other | |||||
主題 | Side Payment Contracts | |||||
キーワード | ||||||
主題Scheme | Other | |||||
主題 | Limited Liability | |||||
キーワード | ||||||
主題Scheme | Other | |||||
主題 | Uniqueness | |||||
資源タイプ | ||||||
資源タイプ識別子 | http://purl.org/coar/resource_type/c_18gh | |||||
資源タイプ | technical report | |||||
アクセス権 | ||||||
アクセス権 | metadata only access | |||||
アクセス権URI | http://purl.org/coar/access_right/c_14cb | |||||
著者 |
Matsushima, Hitoshi
× Matsushima, Hitoshi |
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著者所属 | ||||||
値 | Faculty of Economics, University of Tokyo | |||||
抄録 | ||||||
内容記述タイプ | Abstract | |||||
内容記述 | This paper investigates repeated games with perfect monitoring, where the number of repetition is finite, and the discount factor is far less than unity. Players can make a side payment contract, but their liability is severely limited. The history of play may not necessarily be verifiable. With positive interest rate of the contractible asset, we show that, in spite of limited liability and verifiability, efficiency is sustainable in that there exist a contract and an efficient perfect equilibrium in its associated game, and that efficiency is even uniquely sustainable if there exists the unique one-shot Nash equilibrium. In partnership games, efficiency is uniquely and approximately sustainable, even if the interest rate equals zero. In partnership games with two players and positive interest rate, efficient sustainability is robust to renegotiation-proofness on the terms of explicit contracting as well as implicit agreements. | |||||
内容記述 | ||||||
内容記述タイプ | Other | |||||
内容記述 | 本文フィルはリンク先を参照のこと | |||||
書誌情報 |
Discussion paper series. CIRJE-F 巻 2002-CF-179, 発行日 2002-10 |
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書誌レコードID | ||||||
収録物識別子タイプ | NCID | |||||
収録物識別子 | AA11450569 | |||||
フォーマット | ||||||
内容記述タイプ | Other | |||||
内容記述 | application/pdf | |||||
日本十進分類法 | ||||||
主題Scheme | NDC | |||||
主題 | 330 | |||||
出版者 | ||||||
出版者 | 日本経済国際共同センター | |||||
出版者別名 | ||||||
値 | Center for International Research on the Japanese Economy | |||||
関係URI | ||||||
識別子タイプ | URI | |||||
関連識別子 | http://www.cirje.e.u-tokyo.ac.jp/research/dp/2002/2002cf179ab.html |