CONJECTURAL VARIATIONS AS A REDUCED FORM
CONJECTURAL VARIATIONS AS A REDUCED FORM
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DOI：
10.1016/0165-1765(95)00715-r
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发表时间：
1995-10-01
影响因子：
2
通讯作者：
CABRAL, LMB
中科院分区：
文献类型：
--
作者：
CABRAL, LMB
猜想变分解通常被视为(未建模的)动态博弈均衡的简化形式。我们证明了，在线性寡头垄断中，对于折扣因子的开值集合，对于在T个周期内具有极小极大惩罚的数量设定重复博弈，该对应关系完全成立。
The conjectural variations solution is usually seen as the reduced form of the equilibrium of an (unmodeled) dynamic game. We show that, in linear oligopolies and for an open set of values of the discount factor, this correspondence holds exactly for a quantity-setting repeated game with minimax punishments during T periods.