Abstract:
We present a synthesis of the various folk theorems for repeated games using a model that accommodates both finitely and infinitely repeated games with discounting. We derive a central result for this model and show that the various folk theorems follow as a consequence. Our result encompasses theorems involving epsilon equilibria and incomplete information.
Keywords:Folk Theorems; Repeated Games (search for similar items in EconPapers) JEL-codes:C72 (search for similar items in EconPapers) New Economics Papers: this item is included in nep-gth and nep-mic Date: 1999-02-03 Note: Type of Document - LaTex; prepared on IBM PC/Scientific Workplace 3.0 ; to print on HP 4; pages: 36; figures: none. December 1998 version View list of referencesView citations in EconPapers