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Repeated Games and ReputationsLong-Run Relationships$
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George J. Mailath and Larry Samuelson

Print publication date: 2006

Print ISBN-13: 9780195300796

Published to Oxford Scholarship Online: January 2007

DOI: 10.1093/acprof:oso/9780195300796.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 22 August 2019

 How Long Is Forever

 How Long Is Forever

Chapter:
(p.105) 4 How Long Is Forever
Source:
Repeated Games and Reputations
Author(s):

George J. Mailath (Contributor Webpage)

Larry Samuelson (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780195300796.003.0004

This chapter explores the meaning and interpretation of an infinitely repeated game. It examines finitely repeated games and infinitely repeated games with declining discount factors, and the implications of refining the notion of subgame perfection to require renegotiation proofness.

Keywords:   declining discounting factors, discounting, finitely repeated game, infinite horizon, renegotiation, renegotiation proofness

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