Pei, Harry - In: Theoretical economics : TE ; an open access journal in … 16 (2021) 2, pp. 449-475
characterize every type of patient player's highest equilibrium payoff and construct equilibria that attain this payoff. Since the … type's highest equilibrium payoff is strictly lower than his Stackelberg payoff. In every equilibrium where the patient … player approximately attains his highest equilibrium payoff, no type of the patient player plays stationary strategies or …