Fujiwara-Greve, Takako; Okuno-Fujiwara, Masahiro - Center for International Research on the Japanese … - 2008
Ordinary repeated games do not apply to real societies where one can cheat and escape from partners. We formulate a model of endogenous relationships that a player can unilaterally end and start with a randomly-assigned new partner with no information flow. Focusing on two-person, two-action...