Discussion Papers 2019
CIRJE-F-1135 | "Cooperation in Revision Games and Some Applications" |
---|---|
Author Name | Kamada, Yuichiro and Michihiro Kandori |
Date | December 2019 |
Full Paper | |
Remarks | Subsequently published in Global Economic Review, 49:4, 329-348, DOI: 10.1080/1226508X.2020.1836783(2020) |
Abstract |
---|
The present paper provides some examples that illustrate how cooperation is achieved among rational and selfish agents when (i) they prepare their actions in advance and (ii) they have some opportunities to revise their actions. Specifically, we use the framework of revision games introduced by Kamada and Kandori (2019). To judge the sustainability of cooperation in the examples, we show and utilize a simple and useful lemma. |