Folk Theorem in Repeated Games with Private Monitoring
نویسندگان
چکیده
We show that the folk theorem generically holds for N -player repeated games with private monitoring when each players number of signals is su¢ ciently large. Neither cheap talk communication nor public randomization is necessary. Journal of Economic Literature Classi cation Numbers: C72, C73, D82
منابع مشابه
Informational Smallness and Private Monitoring in Repeated Games
We consider repeated games with private monitoring that are close to repeated games with public/perfect monitoring. A private monitoring information structure is close to a public monitoring information structure when private signals can generate approximately the same distribution of the public signal once they are aggregated into a public signal by some public coordination device. A player...
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