Ethier, Stewart N.; Lee, Jiyeon - In: Games 6 (2015) 2, pp. 57-78
Downton and Lockwood claimed that the Nash equilibrium is of only academic interest. Their preferred alternative is what we … call the <em>independent cooperative equilibrium</em>. However, this solution exists only for certain \(\theta\). A third … solution, which we call the <em>correlated cooperative equilibrium</em>, always exists. Under a ''with replacement'' assumption …