search query: @indexterm SWITCHING COSTS / total: 15
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| Author: | Lipman, B. L. Wang, R. |
| Title: | Switching costs in frequently repeated games |
| Journal: | Journal of Economic Theory
2000 : AUG, VOL. 93:2, p. 149-190 |
| Index terms: | Switching costs Repeated games Mathematical models |
| Language: | eng |
| Abstract: | We add small costs of changing actions and frequent repetition to finitely repeated games, making some surprising commitments credible. Specifically, we add a small cost to changing actions from one period to another and consider the effect of repeating the game more often in a fixed amount of time. These changes make credible certain commitments, the nature of which depend in complex ways on the game being repeated. |
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