CIRJE-F-715 | "Voluntarily Separable Repeated Games with Social Norms" |
Author Name | Fujiwara-Greve, Takako, Masahiro Okuno-Fujiwara and Nobue Suzuki |
Date | February 2010 |
Full Paper | PDF file |
Remarks | @@ |
Abstract |
We extend the voluntarily separable repeated Prisoner's Dilemma (Fujiwara-Greve and Okuno-Fujiwara, 2009) to continuous actions. We show that there is a (constrained) efficient bimorphic equilibrium which is robust under evolutionary pressure. It consists of a cooperative strategy and a myopic defection strategy so that our model provides a foundation to incomplete information models as well. |