Folk Theorem in Repeated Games with Private Monitoring

• 成果类型: Article
• 署名作者: Sugaya, Takuo
• 署名单位: Stanford University
• 刊物名称: REVIEW OF ECONOMIC STUDIES
• ISSN/ISSBN: 0034-6527
• DOI: 10.1093/restud/rdab079
• 发表日期: 2022
• 页码: 2201-2256
• 关键词: belief-free equilibria; COMMUNICATION; COOPERATION; EFFICIENCY; collusion; payoffs; robust

摘要

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.