Folk Theorems, Second Version
نویسندگان
چکیده
منابع مشابه
Folk Theorems with Bounded
A strategy profile in a repeated game has bounded recall L if play under the profile after two distinct histories that agree in the last L periods is equal. Mailath and Morris (2002, 2006) proved that any strict equilibrium in bounded-recall strategies of a game with full support public monitoring is robust to all perturbations of the monitoring structure towards private monitoring (the case of...
متن کاملFolk Theorems for Repeated Games
The Fudenberg and Maskin folk theorem for discounted repeated games assumes that the set of feasible payoffs is full dimensional . We obtain the same conclusion using a weaker condition. This condition is that no pair of players has equivalent von Neumann-Morgenstern utilities over outcomes. We term this condition NEU ("non-equivalent utilities"). The condition is weak, easily interpreted, and ...
متن کاملFolk Theorems with Bounded Recall
A strategy profile in a repeated game has bounded recall L if play under the profile after two distinct histories that agree in the last L periods is equal. Mailath and Morris (2002, 2006) proved that any strict equilibrium in bounded-recall strategies of a game with full support public monitoring is robust to all perturbations of the monitoring structure towards private monitoring (the case of...
متن کاملFolk Theorems on Transmission Access: Proofs and
19 a very stringent regulation. Thus, the ecient equilibrium|the economic dispatch|is realized in a way that resembles how centralized economies were expected to realize ecient allocations. The diculties with this centralized approach, in terms of information collection and incentive incompatibilities, have yet to be addressed in the specic context of transmission access. Most proposals on tran...
متن کاملUniform folk theorems in repeated anonymous random matching games
We study infinitely repeated anonymous random matching games played by communities of players, who only observe the outcomes of their own matches. It is well known that cooperation can be sustained in equilibrium for the prisoner’s dilemma (PD) through grim trigger strategies. Little is known about games beyond the PD. We study a new equilibrium concept, strongly uniform equilibrium (SUE, which...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2013
ISSN: 1556-5068
DOI: 10.2139/ssrn.2266398