Which is more important to achieving cooperation through a reputation, a long history together or…

Which is more important to achieving cooperation through a reputation, a long history together or a long horizon ahead? Consider the following three-player game

The players make their choices simultaneously and independently. The payoffs are listed in order of the player numbers.

(a) Find the (pure-strategy) Nash equilibria of this game.

(b) Consider the two-period repeated game in which this stage game is played twice and the repeated game payoffs are simply the sum of the payoffs in the two periods. Compute and report all of the subgame perfect equilibria of this repeated game. List the set of subgame perfect equilibrium payoffs.

 

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