Folk theorem with communication

Ichiro Obara

Journal of Economic Theory, 2009, vol. 144, issue 1, 120-134

Abstract: This paper proves a new folk theorem for repeated games with private monitoring and communication, extending the idea of delayed communication in Compte [O. Compte, Communication in repeated games with imperfect private monitoring, Econometrica 66 (1998) 597-626] to the case where private signals are correlated. The sufficient condition for the folk theorem is generically satisfied with more than two players, even when other well-known conditions are not. The folk theorem also applies to some two-players repeated games.

Keywords: Communication; Folk; theorem; Private; monitoring; Repeated; games (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (50)

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Related works:
Working Paper: Folk Theorem with Communication (2007)
Working Paper: Folk Theorem with Communication (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jetheo:v:144:y:2009:i:1:p:120-134

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