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The Folk Theorems for Repeated Games: A Synthesis

Author

Listed:
  • 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.

Suggested Citation

  • Benoit, J.P. & Krishna, V., 1996. "The Folk Theorems for Repeated Games: A Synthesis," Papers 1-96-3, Pennsylvania State - Department of Economics.
    • Handle: RePEc:fth:pensta:1-96-3
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    Cited by:

    1. von Mouche, Pierre & Folmer, Henk, 2007. "Linking of Repeated Games. When Does It Lead to More Cooperation and Pareto Improvements?," Economic Theory and Applications Working Papers 9557, Fondazione Eni Enrico Mattei (FEEM).
    2. Conconi, Paola & Sahuguet, Nicolas, 2009. "Policymakers' horizon and the sustainability of international cooperation," Journal of Public Economics, Elsevier, vol. 93(3-4), pages 549-558, April.
    3. Sahuguet, Nicolas & Conconi, Paola, 2005. "Re-election Incentives and the Sustainability of International Cooperation," CEPR Discussion Papers 5401, C.E.P.R. Discussion Papers.
    4. Gonzalez-Diaz, Julio, 2006. "Finitely repeated games: A generalized Nash folk theorem," Games and Economic Behavior, Elsevier, vol. 55(1), pages 100-111, April.

    More about this item

    Keywords

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    JEL classification:

    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games

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