Interlinkage and Generous Tit-for-Tat Strategy
Interlinkage and Generous Tit-for-Tat Strategy
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DOI:
10.1111/jere.12014
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发表时间:
2014-03-01
影响因子:
1.2
通讯作者:
Matsushima, Hitoshi
中科院分区:
文献类型:
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作者:
Matsushima, Hitoshi
We investigate an infinitely-repeated prisoners' dilemma with imperfect monitoring and consider the possibility that the interlinkage of the players' distinct activities enhances implicit collusion. We show a necessary and sufficient condition for the existence of a generous tit-for-tat Nash equilibrium. Such an equilibrium, if it exists, is unique. This equilibrium achieves approximate efficiency when monitoring is almost perfect, where the discount factors are fixed.