Showing 1 - 10 of 652,252
Persistent link: https://www.econbiz.de/10014429403
Persistent link: https://www.econbiz.de/10008934235
Persistent link: https://www.econbiz.de/10003736835
Recursive preferences have found widespread application in representative-agent asset-pricing models and general equilibrium. A majority of these applications exploit two decision-theoretic properties not shared by the standard model of intertemporal choice: (i) agents care about the...
Persistent link: https://www.econbiz.de/10014476731
This paper provides a model of the repeated prisoner's dilemma in which cheap-talk communication is necessary in order … that, provided that players can change their actions arbitrary frequently, there exists an equilibrium with communication … that strictly Pareto-dominates all equilibria without communication. …
Persistent link: https://www.econbiz.de/10012650453
Persistent link: https://www.econbiz.de/10003775951
Persistent link: https://www.econbiz.de/10003852698
Persistent link: https://www.econbiz.de/10003417228
Persistent link: https://www.econbiz.de/10003616621
Persistent link: https://www.econbiz.de/10009502430