A folk theorem for repeated games played on a network

Marie Laclau ()

Games and Economic Behavior, 2012, vol. 76, issue 2, 711-737

Abstract: I consider repeated games on a network where players interact and communicate with their neighbors. At each stage, players choose actions and exchange private messages with their neighbors. The payoff of a player depends only on his own action and on the actions of his neighbors. At the end of each stage, a player is only informed of his payoff and of the messages he received from his neighbors. Payoffs are assumed to be sensitive to unilateral deviations. The main result is to establish a necessary and sufficient condition on the network for a Nash folk theorem to hold, for any such payoff function.

Keywords: Repeated games; Imperfect monitoring; Networks; Folk theorem; Communication protocols (search for similar items in EconPapers)
JEL-codes: C72 C73 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:gamebe:v:76:y:2012:i:2:p:711-737

DOI: 10.1016/j.geb.2012.08.008

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