Some Remarks on the Folk Theorem in Game Theory
It is argued that although the pathological multiplicity of Nash equilibria of super games stated by the folk theorem can be removed by introducing limited observations into super games with a continuum of players, the consideration of super games in terms of the Nash equilibrium concept involves a more fundamental and conceptual difficulty.
|Date of creation:||Oct 1981|
|Publication status:||Published in Mathematical Social Sciences (1982), 3: 281-290|
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- Mamoru Kaneko, 1982. "The Conventionally Stable Sets in Noncooperative Games with Limited Observations: The Application to Monopoly and Oligopoly," Cowles Foundation Discussion Papers 614, Cowles Foundation for Research in Economics, Yale University. Full references (including those not matched with items on IDEAS)