A single long-run player plays a fixed-stage game (simultaneous or sequential move) against an infinite sequence of short-run opponents that play only once but can observe all past realized actions. Assuming that the probability distributions over types of long- and short-run players have full...

A single long-run player plays a fixed stage game (simultaneous or sequential move) against an infinite sequence of short-run opponents that play only once but can observe all past realized actions. Assuming that the probability distributions over types of long and short-run players have full...

International business transactions pose the problem of deterring bribing of public officials by foreign firms. We first analyze a convention styled after the OECD's "Convention on Combating Bribery of Foreign Public Officials in International Business Transactions" that requires signatory...