Benoit, Jean-Pierre; Krishna, Vijay - In: Econometrica 61 (1993) 2, pp. 303-23
Perfect equilibria of finitely repeated games may be vulnerable to the possibility of renegotiation among players. The authors study the limiting properties of the set of payoffs from equilibria that are immune to renegotiation. Their main result is th at the limit of the set of payoffs from...