Citation:
Solan, Eilon . “Repeated Team Games With Absorbing States”. Discussion Papers 1997. Web.
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.