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The Folk Theorems for Repeated Games: A Synthesis

  • Benoit, J.P.
  • Krishna, V.

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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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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  1. Robert J. Aumann & Lloyd S. Shapley, 2013. "Long Term Competition -- A Game-Theoretic Analysis," Annals of Economics and Finance, Society for AEF, vol. 14(2), pages 627-640, November.
  2. Fudenberg, Drew & Maskin, Eric, 1991. "On the dispensability of public randomization in discounted repeated games," Journal of Economic Theory, Elsevier, vol. 53(2), pages 428-438, April.
  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. Smith, Lones, 1995. "Necessary and Sufficient Conditions for the Perfect Finite Horizon Folk Theorem," Econometrica, Econometric Society, vol. 63(2), pages 425-30, March.
  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. Rubinstein, Ariel, 1991. "Comments on the Interpretation of Game Theory," Econometrica, Econometric Society, vol. 59(4), pages 909-24, July.
  7. SORIN, Sylvain, 1988. "Repeated games with complete information," CORE Discussion Papers 1988022, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  8. Kreps, David M. & Milgrom, Paul & Roberts, John & Wilson, Robert, 1982. "Rational cooperation in the finitely repeated prisoners' dilemma," Journal of Economic Theory, Elsevier, vol. 27(2), pages 245-252, August.
  9. Cremer, Jacques, 1986. "Cooperation in Ongoing Organizations," The Quarterly Journal of Economics, MIT Press, vol. 101(1), pages 33-49, February.
  10. Smith, Lones, 1992. "Folk theorems in overlapping generations games," Games and Economic Behavior, Elsevier, vol. 4(3), pages 426-449, July.
  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. Martin J. Osborne & Ariel Rubinstein, 1994. "A Course in Game Theory," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262650401, June.
  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. Radner, Roy, 1980. "Collusive behavior in noncooperative epsilon-equilibria of oligopolies with long but finite lives," Journal of Economic Theory, Elsevier, vol. 22(2), pages 136-154, April.
  15. Wen, Quan, 1994. "The "Folk Theorem" for Repeated Games with Complete Information," Econometrica, Econometric Society, vol. 62(4), pages 949-54, July.
  16. John Geanakoplos & Chien-fu Chou, 1988. "The Power of Commitment," Cowles Foundation Discussion Papers 885, Cowles Foundation for Research in Economics, Yale University.
  17. Kandori, Michihiro, 1992. "Repeated Games Played by Overlapping Generations of Players," Review of Economic Studies, Wiley Blackwell, vol. 59(1), pages 81-92, January.
  18. Benoit, Jean-Pierre & Krishna, Vijay, 1985. "Finitely Repeated Games," Econometrica, Econometric Society, vol. 53(4), pages 905-22, July.
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