Voluntarily Separable Repeated Prisoner ’ s Dilemma ∗

  • Takako Fujiwara-Greve Masahiro Okuno-Fujiwara
  • Published 2008

Abstract

Ordinary repeated games do not apply to real societies where one can cheat and escape from partners. We formulate a model of endogenous relationships that a player can unilaterally end and start with a randomly-assigned new partner with no information flow. Focusing on two-person, two-action Prisoner’s Dilemma, we show that the endogenous duration of… (More)

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