`rel_after_cap_payoffs.Rd`

Specify the SPE payoff set(s) of the truncated game(s) after a cap in period T. While we could specify a complete repeated game that is played after the cap, it also suffices to specify just an SPE payoff set of the truncated game of the after-cap state.

rel_after_cap_payoffs( g, x = NA, U, v1 = NA, v2 = NA, v1.rep = NA, v2.rep = NA, x.T = NA )

g | a relational contracting game created with rel_game |
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x | The state(s) for which this after-cap payoff set is applied. If NA (default) and also x.T is NA, it applies to all states. |

U | The highest joint payoff in the truncated repeated game starting from period T. |

v1 | The lowest SPE payoff of player 1 in the truncated game. These are average discounted payoffs using delta as discount factor. |

v2 | Like v1, but for player 2. |

v1.rep | Alternative to v1. Player 1 lowest SPE payoff in the repeated game with adjusted discount factor delta*(1-rho). Will be automatically converted into v1_trunc based on rho, delta, and bargaining weight. Are often easier to specify. |

v2.rep | Like v1.rep, but for player 2. |

x.T | Instead of specifiying the argument x, we can specify as x.T a name of the after-cap state. This can be refereed to as the argument x.T in rel_state and rel_states |

Returns the updated game