having to pre-commit capacity. In our game, evolution and learning do not drive out this perception. We back these claims …

and the contractor sign the contract, the latter may bribe the inspector to misrepresent quality. Thus, the mechanism … on the size of the quality misrepresentation, and also uncertainty about the size of the bribe. In all cases, the optimal … contract curtails quality not only for low e¢ ciency contractors but also for the most efficient contractors. Implementation is …

indeterminate. Only in the latter case do there exist sunspot equilibria that are stable under adaptive learning. A sufficient …

&D agreements. We study a Bertrand duopoly where firms evaluate the returns of an agreement according to its length. A learning … from creating an agreement. Moreover, as far as learning is modeled as an iterative process, a suitable set of initial …