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The folk theorem for games with private almost-perfect monitoring

Johannes Hörner and Wojciech Olszewski

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Abstract: We prove the folk theorem for discounted repeated games under private, almost-perfect monitoring. Our result covers all finite, n-player games that satisfy the usual full-dimensionality condition. Mixed strategies are allowed in determining the individually rational payoffs. We assume no cheap-talk communication between players and no public randomization device.

Keywords: Folk theorem; Private monitoring; Repeated games (search for similar items in EconPapers)
Date: 2006-11
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Citations: View citations in EconPapers (47)

Published in Econometrica, 2006, 74 (6), pp.1499-1544

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Journal Article: The Folk Theorem for Games with Private Almost-Perfect Monitoring (2006) Downloads
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