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economically realistic models have led to the application of various forms of economic discounting to the contested resource. This … paper investigates the application of a two-parameter economic discounting method, called generalized hyperbolic discounting …, and characterizes the game’s Nash equilibrium conditions. We prove that for agents discounting such that accumulated value …
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We study infinitely repeated games with observable actions, where players have present-biased (so-called beta-delta) preferences. We give a two-step procedure to characterize Strotz-Pollak equilibrium payoffs: compute the continuation payoff set using recursive techniques, and then use this set...
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