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The Folk Theorem for Games with Private Almost-Perfect Monitoring

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Author Info
Johannes Hörner
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. Copyright The Econometric Society 2006.

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File URL: http://hdl.handle.net/10.1111/j.1468-0262.2006.00717.x
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Publisher Info
Article provided by Econometric Society in its journal Econometrica.

Volume (Year): 74 (2006)
Issue (Month): 6 (November)
Pages: 1499-1544
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Handle: RePEc:ecm:emetrp:v:74:y:2006:i:6:p:1499-1544

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  1. Michihiro Kandori, 2006. "Repeated Games, Entry in The New Palgrave Dictionary of Economics, 2nd Edition," CIRJE F-Series CIRJE-F-395, CIRJE, Faculty of Economics, University of Tokyo. [Downloadable!]
  2. Ichiro Obara, 2005. "Folk Theorem with Communication," UCLA Economics Online Papers 366, UCLA Department of Economics. [Downloadable!]
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  3. George Mailath & Wojciech Olszewski, 2008. "Folk theorems with Bounded Recall under(Almost) Perfect Monitoring," Discussion Papers 1462, Northwestern University, Center for Mathematical Studies in Economics and Management Science. [Downloadable!]
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  4. Joyee Deb, 2008. "Cooperation and Community Responsibility: A Folk Theorem for Repeated Matching Games with Names," Working Papers 08-24, New York University, Leonard N. Stern School of Business, Department of Economics. [Downloadable!]
  5. Wojciech Olszewski, 2007. "A Simple Exposition of Belief-Free Equilibria in Repeated Games," Economics Bulletin, Economics Bulletin, vol. 3(58), pages 1-16. [Downloadable!]
  6. Michihiro Kandori, 2007. "Weakly Belief-Free Equilibria in Repeated Games with Private Monitoring," CIRJE F-Series CIRJE-F-491, CIRJE, Faculty of Economics, University of Tokyo. [Downloadable!]
  7. George J Mailath & Stephen Morris, 2006. "Coordination Failure in Repeated Games with Almost-Public Monitoring," Levine's Bibliography 122247000000001105, UCLA Department of Economics. [Downloadable!]
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