Publikation:

Renegotiation-proof relational contracts

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Datum

2013

Autor:innen

Kranz, Sebastian

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URI (zitierfähiger Link)
http://nbn-resolving.de/urn:nbn:de:bsz:352-285894
DOI (zitierfähiger Link)
https://doi.org/10.1016/j.geb.2013.02.009
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Games and Economic Behavior. 2013, 80, pp. 157-178. ISSN 0899-8256. eISSN 1090-2473. Available under: doi: 10.1016/j.geb.2013.02.009

Zusammenfassung

We study infinitely repeated two-player games with perfect monitoring and assume that each period consists of two stages: one in which the players simultaneously choose an action and one in which they can transfer money to each other. In the first part of the paper, we derive simple conditions that allow a constructive characterization of all Pareto-optimal subgame perfect payoffs for all discount factors. In the second part, we examine different concepts of renegotiation-proofness and extend the characterization to renegotiation-proof payoffs.

Zusammenfassung in einer weiteren Sprache

Fachgebiet (DDC)
330 Wirtschaft

Schlagwörter

Renegotiation, Infinitely repeated games, Side payments, Optimal penal codes

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ISO 690GOLDLÜCKE, Susanne, Sebastian KRANZ, 2013. Renegotiation-proof relational contracts. In: Games and Economic Behavior. 2013, 80, pp. 157-178. ISSN 0899-8256. eISSN 1090-2473. Available under: doi: 10.1016/j.geb.2013.02.009
BibTex
@article{Goldlucke2013Reneg-28589,
  year={2013},
  doi={10.1016/j.geb.2013.02.009},
  title={Renegotiation-proof relational contracts},
  volume={80},
  issn={0899-8256},
  journal={Games and Economic Behavior},
  pages={157--178},
  author={Goldlücke, Susanne and Kranz, Sebastian}
}
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