A Folk Theorem for Stochastic Games
提出了随机博弈的一个民间定理,该定理统一了随机博弈与纯重复博弈的渐近分析,适用于经济学文献中的广泛博弈类型。
In many dynamic economic applications, the appropriate game theoretic structure is that of a stochastic game. A folk theorem for such games is presented. The result subsumes a number of results obtained earlier and applies to a wide range of games studied in the economics literature. The result further establishes an underlying unity between stochastic and purely repeated games from the point of view of aspymptotic analysis, even though stochastic games offer a much richer set of deviation possibilities. Journal of Economic Literature Classification Number: C73, D90.