|
The Folk Theorem for Games with Private Almost-Perfect Monitoring
Johannes Hörner
Wojciech Olszewski
Abstract
We prove the folk theorem for discounted repeated games under private, almost-perfect monitoring. Our result covers all finite, n-player games that satisfy the usual full-dimensionality condition. Mixed strategies are allowed in determining the individually rational payoffs. We assume no cheap-talk communication between players and no public randomization device.
|
