Review of Economic Studies Vol. 89 No. 4 2022
Folk Theorem in Repeated Games with Private Monitoring
open access
Abstract
We show that the folk theorem holds generically for the repeated two-player game with private monitoring if the support of each player’s signal distribution is sufficiently large. Neither cheap talk communication nor public randomization is necessary.
- DOI
- 10.1093/restud/rdab079
- Volume
- 89
- Issue
- 4
- Pages
- 2201-2256
- Language
- en
- Sources
- bibtex:phds-export.bib openalex crossref