This paper uses a laboratory experiment to study the effect of a monitoring structure on the play of the infinitely … find that the subjects sustain cooperation in every treatment, but that their strategies differ substantially in the three …

This paper uses a laboratory experiment to study the effect of a monitoring structure on the play of the infinitely … find that the subjects sustain cooperation in every treatment, but that their strategies differ substantially in the three …

regarding when cooperation can be sustained, what strategies are best suited to sustain cooperation, and how changes in payoffs … affect the sustainability of cooperation. We also show that a folk theorem in dynamically robust equilibria holds, but …