Are "Anti-Folk Theorems" in repeated games nongeneric?
Akihiko Matsui () and
Roger Lagunoff
Review of Economic Design, 2001, vol. 6, issue 3, 397-412
Abstract:
Folk Theorems in repeated games hold fixed the game payoffs, while the discount factor is varied freely. We show that these results may be sensitive to the order of limits in situations where players move asynchronously. Specifically, we show that when moves are asynchronous, then for a fixed discount factor close to one there is an open neighborhood of games which contains a pure coordination game such that every Perfect equilibrium of every game in the neighborhood approximates to an arbitrary degree the unique Pareto dominant payoff of the pure coordination game.
Date: 2002-04-10
References: Add references at CitEc
Citations: View citations in EconPapers (2)
Downloads: (external link)
http://link.springer.de/link/service/journals/10058/papers/1006003/10060397.pdf (application/pdf)
Access to the full text of the articles in this series is restricted
Related works:
Working Paper: Are "Anti-Folk Theorems" in Repeated Games Nongeneric? (2000) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:spr:reecde:v:6:y:2001:i:3:p:397-412
Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/10058
Access Statistics for this article
Review of Economic Design is currently edited by Atila Abdulkadiroglu, Fuhito Kojima and Tilman Börgers
More articles in Review of Economic Design from Springer, Society for Economic Design
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().