Layoffs and Quits in Repeated Games.
This paper studies games in which the players are not locked into their relationship for a fixed number of periods. We consider two-player games where player 1 can decide to let the opponent continue in the game or replace it with a new player. We also allow the possibility of player 2 quitting the...
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| Format: | Working paper |
| Language: | English |
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Department of Economics (University of Oxford)
2004
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