A folk theorem for endogenous reference points

We establish a folk theorem for infinitely repeated game protocols with players whose preferences exhibit backward-looking reference dependence.

Year of publication:	2011
Authors:	Bernard, Mark
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 112.2011, 3, p. 223-225
Publisher:	Elsevier
Keywords:	Reference dependence Habit formation Folk theorem

Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009249594