The Folk Theorems for Repeated Games: A Synthesis
We present a synthesis of the various folk theorems for repeated games using a model that accommodates both finitely and infinitely repeated games with discounting. We derive a central result for this model and show that the various folk theorems follow as a consequence. Our result encompasses theorems involving epsilon equilibria and incomplete information.
|Date of creation:||03 Feb 1999|
|Date of revision:|
|Note:||Type of Document - LaTex; prepared on IBM PC/Scientific Workplace 3.0 ; to print on HP 4; pages: 36; figures: none. December 1998 version|
|Contact details of provider:|| Web page: http://econwpa.repec.org|
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