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    • Ambiguity and long-run cooperation 

      Rojas Olivares, Marcos; Vergara Domínguez, Damián (Universidad de Chile, Facultad de Economía y Negocios, 2015-12)
      This paper studies the effects of ambiguity on long-run cooperation, by analyzing the infinitely repeated Prisoner’s Dilemma and its application to Cournot’s duopoly model. We show that ambiguity decreases the likelihood ...