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The Folk Theorems for Repeated Games: A Synthesis

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  • Benoit, J.P.
  • Krishna, V.

Abstract

The theory of repeated games occupies a central place in noncooperative game theory as it forms a relatively simple platform from which to study dynamic aspects of strategic interaction. In this paper we attempt a synthesis of the various folk theorems by adpting a point of view which de-emphasizes the choice of horizon.

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Bibliographic Info

Paper provided by Pennsylvania State - Department of Economics in its series Papers with number 1-96-3.

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Length: 33 pages
Date of creation: 1996
Date of revision:
Handle: RePEc:fth:pensta:1-96-3

Contact details of provider:
Postal: PENNSYLVANIA STATE UNIVERSITY, DEPARTMENT OF ECONOMICS, UNIVERSITY PARK PENNSYLVANIA 16802 U.S.A.
Phone: (814)865-1456
Fax: (814)863-4775
Web page: http://econ.la.psu.edu/
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Keywords: GAME THEORY;

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References

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  1. Smith, L., 1993. "Necessary and Sufficient Conditions for the Perfect Finite Horizon Folk Theorem," Working papers 93-6, Massachusetts Institute of Technology (MIT), Department of Economics.
  2. David Kreps & Paul Milgrom & John Roberts & Bob Wilson, 2010. "Rational Cooperation in the Finitely Repeated Prisoners' Dilemma," Levine's Working Paper Archive 239, David K. Levine.
  3. Bernheim B. Douglas & Dasgupta Aniruddha, 1995. "Repeated Games with Asymptotically Finite Horizons," Journal of Economic Theory, Elsevier, vol. 67(1), pages 129-152, October.
  4. Martin J Osborne & Ariel Rubinstein, 2009. "A Course in Game Theory," Levine's Bibliography 814577000000000225, UCLA Department of Economics.
  5. Fudenberg, Drew & Maskin, Eric, 1986. "The Folk Theorem in Repeated Games with Discounting or with Incomplete Information," Econometrica, Econometric Society, vol. 54(3), pages 533-54, May.
  6. Smith, Lones, 1992. "Folk theorems in overlapping generations games," Games and Economic Behavior, Elsevier, vol. 4(3), pages 426-449, July.
  7. Rubinstein, Ariel, 1991. "Comments on the Interpretation of Game Theory," Econometrica, Econometric Society, vol. 59(4), pages 909-24, July.
  8. Cremer, Jacques, 1986. "Cooperation in Ongoing Organizations," The Quarterly Journal of Economics, MIT Press, vol. 101(1), pages 33-49, February.
  9. Robert J. Aumann & Lloyd S. Shapley, 1992. "Long Term Competition-A Game Theoretic Analysis," UCLA Economics Working Papers 676, UCLA Department of Economics.
  10. Kandori, Michihiro, 1992. "Repeated Games Played by Overlapping Generations of Players," Review of Economic Studies, Wiley Blackwell, vol. 59(1), pages 81-92, January.
  11. Abreu, Dilip & Dutta, Prajit K & Smith, Lones, 1994. "The Folk Theorem for Repeated Games: A NEU Condition," Econometrica, Econometric Society, vol. 62(4), pages 939-48, July.
  12. Sorin, Sylvain, 1992. "Repeated games with complete information," Handbook of Game Theory with Economic Applications, in: R.J. Aumann & S. Hart (ed.), Handbook of Game Theory with Economic Applications, edition 1, volume 1, chapter 4, pages 71-107 Elsevier.
  13. Gossner, Olivier, 1995. "The Folk Theorem for Finitely Repeated Games with Mixed Strategies," International Journal of Game Theory, Springer, vol. 24(1), pages 95-107.
  14. Drew Fudenberg & Eric Maskin, 1987. "On the Dispensability of Public Randomization in Discounted Repeated Games," Working papers 467, Massachusetts Institute of Technology (MIT), Department of Economics.
  15. John Geanakoplos & Chien-fu Chou, 1988. "The Power of Commitment," Cowles Foundation Discussion Papers 885, Cowles Foundation for Research in Economics, Yale University.
  16. Wen, Quan, 1994. "The "Folk Theorem" for Repeated Games with Complete Information," Econometrica, Econometric Society, vol. 62(4), pages 949-54, July.
  17. Benoit, Jean-Pierre & Krishna, Vijay, 1985. "Finitely Repeated Games," Econometrica, Econometric Society, vol. 53(4), pages 905-22, July.
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Citations

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Cited by:
  1. Conconi, Paola & Sahuguet, Nicolas, 2005. "Re-election Incentives and the Sustainability of International Cooperation," CEPR Discussion Papers 5401, C.E.P.R. Discussion Papers.
  2. Pierre von Mouche & Henk Folmer, 2007. "Linking of Repeated Games. When Does It Lead to More Cooperation and Pareto Improvements?," Working Papers 2007.60, Fondazione Eni Enrico Mattei.
  3. Gonzalez-Diaz, Julio, 2006. "Finitely repeated games: A generalized Nash folk theorem," Games and Economic Behavior, Elsevier, vol. 55(1), pages 100-111, April.

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