Citation:
Solan, E. . (1997). Repeated Team Games with Absorbing States. Discussion Papers. presented at the 7. Retrieved from '
Abstract:
Two teams meet every day to play the same matrix game. Every entry in the matrix contains five numbers: a payoff that each player in the first team receives whenever this entry is chosen, a similar payoff for the players of the second team, a probability that once this entry is chosen the game becomes "static", a payoff that each player in the first team receives in each future day if the game becomes "static" by this entry, and a similar payoff for the players of the second team.We prove that every such game has an equilibrium payoff.