Long-Term Relationships: Repeated Games and Trust

Apply the folk theorem to identify the range of sustainable cooperative outcomes in an ongoing vee relationship.

Model trust-building as a repeated game with imperfect monitoring between partners.

Analyze tit-for-tat and grim trigger strategies in the context of vee relationship agreements.

Evaluate how discount factors and time preferences affect cooperation sustainability in a vee.

Model forgiveness and renegotiation mechanisms in repeated vee interactions.

Analyze the effect of relationship duration expectations on strategic behavior of hinge and non-hinge partners.