Two-person repeated games with no discounting are considered where there is uncertainty about the type of the players. If there is a possibility that a player is an automaton committed to a particular pure or mixed stage-game action, then this provides a lower bound on the Nash equilibrium payoffs to a normal type of this player. The lower bound is the best available and is robust to the existence of other types. The results are extended to the case of two-sided uncertainty. This work extends Schmidt (1993) who analyzed the restricted class of conflicting interest games.
MLA
Thomas, Jonathan P., and Martin W. Cripps. “Reputation and Commitment in Two-Person Repeated Games Without Discounting.” Econometrica, vol. 63, .no 6, Econometric Society, 1995, pp. 1401-1419, https://www.jstor.org/stable/2171775
Chicago
Thomas, Jonathan P., and Martin W. Cripps. “Reputation and Commitment in Two-Person Repeated Games Without Discounting.” Econometrica, 63, .no 6, (Econometric Society: 1995), 1401-1419. https://www.jstor.org/stable/2171775
APA
Thomas, J. P., & Cripps, M. W. (1995). Reputation and Commitment in Two-Person Repeated Games Without Discounting. Econometrica, 63(6), 1401-1419. https://www.jstor.org/stable/2171775
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