The folk theorem with imperfect public information in continuous time

@inproceedings{Bernard2016TheFT,
  title={The folk theorem with imperfect public information in continuous time},
  author={Benjamin Bernard and Christoph Frei},
  year={2016}
}
Folk theorems constitute a set of key results in the theory of discrete-time repeated games. These theorems state that the set of equilibrium payoffs expands to the set of all feasible and individually rational payoffs V∗ as players are increasingly patient. A central requirement for the standard folk theorem to hold is that profitable deviations from strategy profiles can be detected. Clearly, this is satisfied if players perfectly observe each other’s actions. When players observe only a… CONTINUE READING