A Model as a Repeated Partnership Game with Discounting
Abstract
In this paper, we present a model of Partnership Game with respect to the important role of partnership and cooperation in nowdays life. Since such interactions are repeated frequently, we study this model as a Stage Game in the structure of infinitely repeated games with a discount factor δ and Trigger strategy. We calculate and compare the payoffs of cooperation and violation and as an important result of this study, we show that each partner will adhere to the cooperation.
0
Turn this paper into a lesson
ArcXiv compiles a structured reading guide from this paper's metadata: plain-English importance, contributions, prerequisite concepts, which sections to read first, flashcards, and a quiz. Grounded in the abstract, never invented.