Showing 1 - 2 of 2
We consider dynamic group formation in repeated n-person prisonerʼs dilemma. Agreements in coalitional bargaining are self-binding in that they are supported as subgame perfect equilibria of repeated games. Individuals are allowed to renegotiate the cooperating group agreement through a process...
Persistent link: https://www.econbiz.de/10011049791
Persistent link: https://www.econbiz.de/10009511701