EconPapers    
Economics at your fingertips  
 

Inefficiency in alternately repeated games with overlapping generations

Chihiro Morooka

Economics Letters, 2019, vol. 184, issue C

Abstract: We model alternately repeated pure coordination games with overlapping generations. We characterize players’ behavior in subgame perfect equilibria while varying exogenous parameters. The results show that inefficient equilibria with almost the worst payoff arise when one-shot payoffs grow over time.

Keywords: Repeated game; Alternating move game; Overlapping generations game; Pure coordination game; Inefficiency (search for similar items in EconPapers)
JEL-codes: C72 C73 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0165176519303118
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:184:y:2019:i:c:s0165176519303118

DOI: 10.1016/j.econlet.2019.108632

Access Statistics for this article

Economics Letters is currently edited by Economics Letters Editorial Office

More articles in Economics Letters from Elsevier
Bibliographic data for series maintained by Haili He ().

 
Page updated 2021-01-02
Handle: RePEc:eee:ecolet:v:184:y:2019:i:c:s0165176519303118