Rejoinder to Kritikos and Bolle: making indenture viable — the extortionary power of pre-commitment in iterated prisoner’s dilemma
نویسنده
چکیده
Kritikos and Bolle’s approach is still flawed, but a viable indenture game can still readily be structured within the context of iterated prisoner’s dilemma. © 2000 Published by Elsevier Science B.V. JEL classification: C70
منابع مشابه
Indenture: An Institution for a Credible Commitment without Extortion
The aim of Kritikos and Bolle [1998] was to analyze the institution of the Indenture Game within today ́s institutional setting. Unfortunately, Holt bases his rejoinder on a historical occurrence with a different institutional context. This explains why his rejoinder is inconsistent.
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