haku: @indexterm SWITCHING COSTS / yhteensä: 15
viite: 12 / 15
Tekijä: | Lipman, B. L. Wang, R. |
Otsikko: | Switching costs in frequently repeated games |
Lehti: | Journal of Economic Theory
2000 : AUG, VOL. 93:2, p. 149-190 |
Asiasana: | Switching costs Repeated games Mathematical models |
Kieli: | eng |
Tiivistelmä: | 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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