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Preemption and Rent Equalization in the Adoption of New Technology
- D. Fudenberg, J. Tirole
- Economics
- 1 July 1985
We study the adoption of a new technology to illustrate the effects of preemption in games of timing. We show that the threat of preemption equalizes rents in a duopoly, but that this result does not…
The Folk Theorem in Repeated Games with Discounting or with Incomplete Information
- D. Fudenberg, E. Maskin
- Economics
- 1 May 1986
TLDR
The Fat-Cat Effect, the Puppy-Dog Ploy, and the Lean and Hungry Look
- D. Fudenberg, J. Tirole
- Economics
- 1 May 1984
The Folk Theorem with Imperfect Public Information
- D. Fudenberg, D. Levine, E. Maskin
- Economics
- 1994
The authors study repeated games in which players observe a public outcome that imperfectly signals the actions played. They provide conditions guaranteeing that any feasible, individually rational…
Emergence of cooperation and evolutionary stability in finite populations
- M. Nowak, A. Sasaki, Christine Taylor, D. Fudenberg
- EconomicsNature
- 8 April 2004
TLDR
A Dual Self Model of Impulse Control
- D. Fudenberg, D. Levine
- EconomicsThe American economic review
- 1 November 2004
We propose that a simple "dual-self" model gives a unified explanation for several empirical regularities, including the apparent time inconsistency that has motivated models of quasi-hyperbolic…
Customer Poaching and Brand Switching
- D. Fudenberg, J. Tirole
- Economics, Business
- 8 December 2000
Firms sometimes try to "poach" the customers of their competitors by offering them inducements to switch. We analyze duopoly poaching under both short-term and long-term contracts assuming either…
Word-of-Mouth Communication and Social Learning
- Glenn Ellison, D. Fudenberg
- Economics, Business
- 1 February 1995
This paper studies the way that word-of-mouth communication aggregates the information of individual agents. We find that the structure of the communication process determines whether all agents end…
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