Conley, John; Chakravorti, Bhaskar - In: Economics Bulletin 3 (2004) 3, pp. 1-8
The infinitely repeated prisoners' dilemma has a multiplicity of Pareto-unranked equilibria. This leads to a battle of the sexes problem of coordinating on a single efficient outcome. One natural method of achieving coordination is for the players to bargain over the set of possible equilibrium...