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A folk theorem for finitely repeated games with public monitoring

Author

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  • Johannes Hörner

    (TSE-R - Toulouse School of Economics - UT Capitole - Université Toulouse Capitole - UT - Université de Toulouse - EHESS - École des hautes études en sciences sociales - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, CNRS - Centre National de la Recherche Scientifique)

  • Jerôme Renault

    (TSE-R - Toulouse School of Economics - UT Capitole - Université Toulouse Capitole - UT - Université de Toulouse - EHESS - École des hautes études en sciences sociales - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement)

Abstract

We adapt the methods from Abreu, Pearce and Stacchetti (1990) to finitely repeated games with imperfect public monitoring. Under a combination of (a slight strengthening of) the assumptions of Benoît and Krishna (1985) and those of Fudenberg, Levine and Maskin (1994), a folk theorem follows. Three counterexamples show that our assumptions are tight.

Suggested Citation

  • Johannes Hörner & Jerôme Renault, 2023. "A folk theorem for finitely repeated games with public monitoring," Working Papers hal-04219457, HAL.
    • Handle: RePEc:hal:wpaper:hal-04219457
    Note: View the original document on HAL open archive server: https://hal.science/hal-04219457
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    Keywords

    Repeated games;

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