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Folk Theorem in Repeated Games with Private Monitoring

Author

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  • Takuo Sugaya

    (Princeton University)

Abstract

We show that the folk theorm with individually rational payoffs defined by pure strategies generically holds for a general N-player repeated game with private monitoring when the number of each player's signals is sufficiently large. No cheap talk communication device or public randomization device is necessary.

Suggested Citation

  • Takuo Sugaya, 2011. "Folk Theorem in Repeated Games with Private Monitoring," Working Papers 1303, Princeton University, Department of Economics, Econometric Research Program..
    • Handle: RePEc:pri:metric:wp012.pdf
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    Citations

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    Cited by:

    1. Levine, David K. & Modica, Salvatore, 2016. "Peer discipline and incentives within groups," Journal of Economic Behavior & Organization, Elsevier, vol. 123(C), pages 19-30.
    2. Hino, Yoshifumi, 2019. "An efficiency result in a repeated prisoner’s dilemma game under costly observation with nonpublic randomization," Mathematical Social Sciences, Elsevier, vol. 101(C), pages 47-53.
    3. David K Levine & Salvatore Modica, 2013. "Peer Discipline and the Strength of Organizations," Levine's Bibliography 786969000000000713, UCLA Department of Economics.
    4. McLean, Richard & Obara, Ichiro & Postlewaite, Andrew, 2014. "Robustness of public equilibria in repeated games with private monitoring," Journal of Economic Theory, Elsevier, vol. 153(C), pages 191-212.
    5. Fudenberg, Drew & Ishii, Yuhta & Kominers, Scott Duke, 2014. "Delayed-response strategies in repeated games with observation lags," Journal of Economic Theory, Elsevier, vol. 150(C), pages 487-514.
    6. Hino, Yoshifumi, 2018. "A folk theorem in infinitely repeated prisoner's dilemma with small observation cost," MPRA Paper 90381, University Library of Munich, Germany.
    7. Juan I. Block & David K. Levine, 2016. "Codes of conduct, private information and repeated games," International Journal of Game Theory, Springer;Game Theory Society, vol. 45(4), pages 971-984, November.

    More about this item

    Keywords

    repeated game; folk theorm; private monitoring;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design

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