existing measures of complexity of a strategy, such as the number of states of an automaton that represents the strategy needs …

explicitly consider the complexity of implementing a strategy, introduced in the literature on repeated games played by automata … equilibria survive. Thus, complexity and bargaining in tandem may offer an explanation for co-operation in repeated games …

firms to choose even more excess complexity. Firms with lower intrinsic quality and higher production costs choose the most … excess complexity. Educating consumers to reduce their evaluation noise would generate large welfare gains. But the gains …

investigate the role of complexity of implementing a strategy, introduced in the literature on repeated games played by automata …. Thus, complexity and bargaining in tandem may offer an explanation for co-operation and efficiency in repeated games …

explicitly consider the complexity of implementing a strategy, introduced in the literature on repeated games played by automata … equilibria survive. Thus, complexity and bargaining in tandem may offer an explanation for co-operation in repeated games …