We consider repeated games with transferable utility: players have an endowment of wealth in each period in which transfers can be made. We show that if endowments are large enough and the comon discount factor high enough, then a trongly renegotiation-proof equilibrium (SRP) in the sense of...

We suppose the principal not only designs a mechanism, but can participate as a plyer. The result is a Bayesian model where one player, the pricipal has no information, and the remaining players have complete information.

This paper considers alternative interpretations of the Normal Cost Hypothesis of industrial pricing behaviour. It shows first that the hypothesis can interpreted as implying that actual unit costs are an endogenous variable, for which some measures of normal unit costs are an appropriate...