Arbeitspapier
Parabolic Cylinders and Folk Theorems
We study a class of games featuring payoff functions being parabolic cylinders where best reply functions are orthogonal and therefore the pure-strategy non-cooperative solution is attained as a Nash equilibrium in dominant strategies. We prove that the resulting threshold of the discount factor above which implicit collusion on the Pareto frontier is stable in the infinite supergames is independent of the number of players. This holds irrespective of whether punishment is based on infinite Nash reversion or one-shot stick-and-carrot strategy. We outline two examples stemming from economic theory and one from international relations.
- Sprache
-
Englisch
- Erschienen in
-
Series: Quaderni - Working Paper DSE ; No. 1043
- Klassifikation
-
Wirtschaft
Stochastic and Dynamic Games; Evolutionary Games; Repeated Games
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Delbono, Flavio
Lambertini, Luca
- Ereignis
-
Veröffentlichung
- (wer)
-
Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)
- (wo)
-
Bologna
- (wann)
-
2015
- DOI
-
doi:10.6092/unibo/amsacta/4415
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Delbono, Flavio
- Lambertini, Luca
- Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)
Entstanden
- 2015
Ähnliche Objekte (12)
Monopoly à la Hotelling
International Trade and Spatial Competition
On the Feedback Solution of a Differential Oligopoly Game with Hyperbolic Demand and Capacity Accumulation
Quantum Mechanics and Mathematical Economics are Isomorphic. John von Neumann between Physics and Economics
Oligopoly with Hyperbolic Demand and Capital Accumulation
Forward Induction in Arms Races
Cartel Stability and the Curvature of Market Demand
The International Coordination of Monetary Policy: A Game-Theoretic Reformulation
The Contestability Paradigm in the Presence of Vertical Differentiation. Efficiency Evaluation of a Natural Oligopoly
Product Innovation Under Vertical Differentiation and the Persistence of Monopoly
The Multiproduct Monopolist Under Vertical Differentiation: an Inductive Approach
Exploration for Nonrenewable Resources in a Dynamic Oligopoly: An Arrovian Result
Monopoly à la Hotelling
International Trade and Spatial Competition
On the Feedback Solution of a Differential Oligopoly Game with Hyperbolic Demand and Capacity Accumulation
Quantum Mechanics and Mathematical Economics are Isomorphic. John von Neumann between Physics and Economics
Oligopoly with Hyperbolic Demand and Capital Accumulation
Forward Induction in Arms Races
Cartel Stability and the Curvature of Market Demand
The International Coordination of Monetary Policy: A Game-Theoretic Reformulation
The Contestability Paradigm in the Presence of Vertical Differentiation. Efficiency Evaluation of a Natural Oligopoly
Product Innovation Under Vertical Differentiation and the Persistence of Monopoly
The Multiproduct Monopolist Under Vertical Differentiation: an Inductive Approach
Exploration for Nonrenewable Resources in a Dynamic Oligopoly: An Arrovian Result
Monopoly à la Hotelling
International Trade and Spatial Competition
On the Feedback Solution of a Differential Oligopoly Game with Hyperbolic Demand and Capacity Accumulation
Quantum Mechanics and Mathematical Economics are Isomorphic. John von Neumann between Physics and Economics
Oligopoly with Hyperbolic Demand and Capital Accumulation
Forward Induction in Arms Races
Cartel Stability and the Curvature of Market Demand
The International Coordination of Monetary Policy: A Game-Theoretic Reformulation
The Contestability Paradigm in the Presence of Vertical Differentiation. Efficiency Evaluation of a Natural Oligopoly
Product Innovation Under Vertical Differentiation and the Persistence of Monopoly
The Multiproduct Monopolist Under Vertical Differentiation: an Inductive Approach