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Persistent link: https://www.econbiz.de/10005374386
Abstract This paper studies finitely repeated games with semi-standard monitoring played in pure strategies. In these games, each player's action set is endowed with a partition, and the equivalence classes of the actions played are publicly observed. We characterize the limit set of equilibrium...
Persistent link: https://www.econbiz.de/10008870847
Persistent link: https://www.econbiz.de/10005388387
In an infinitely lived, representative individual economy, important properties of competitive equilibria, such as determinacy and the non-existence of monetary equilibria, are not robust to the introduction of myopia. An individual is myopic if, at each date, he plans consumption only for that...
Persistent link: https://www.econbiz.de/10008870895