I present an example of a symmetric repeated game in which an arbitrarily small change in the discount factor can lead to a discontinuous change in the level of symmetry that can be sustained in equilibrium.
|Number of pages||3|
|Journal||Operations Research Letters|
|State||Published - Jan 2020|
Bibliographical notePublisher Copyright:
© 2019 Elsevier B.V.
- Repeated games
- Symmetric equilibrium
- Symmetric games
ASJC Scopus subject areas
- Management Science and Operations Research
- Industrial and Manufacturing Engineering
- Applied Mathematics