Linking of Repeated Games. When Does It Lead to More Cooperation and Pareto Improvements?
Data
01.01.2007
01.01.2007
Autori
Pierre von Mouche, Henk Folmer
Codice JEL
C72
C72
Parole chiave:
Environmental Policy,Linking,Folk Theorem,Tensor Game,Prsioners' Dilemma,Full Cooperation,Pareto Efficiency,Minkowski Sum,Vector Maximum,Convex Analysis
Environmental Policy,Linking,Folk Theorem,Tensor Game,Prsioners' Dilemma,Full Cooperation,Pareto Efficiency,Minkowski Sum,Vector Maximum,Convex Analysis
Publisher
Climate Change and Sustainable Development
Climate Change and Sustainable Development
Editor
Carlo Carraro
Carlo Carraro
Linking of repeated games and exchange of concessions in fields of relative strength may lead to more cooperation and to Pareto improvements relative to the situation where each game is played separately. In this paper we formalize these statements, provide some general results concerning the conditions for more cooperation and Pareto improvements to materialize or not and analyze the relation between both. Special attention is paid to the role of asymmetries.