Characterizing the limit set of perfect and public equilibrium payoffs with unequal discounting
研究了不完全公共监测和不等贴现的重复博弈,刻画了当贴现因子趋近于1且玩家相对耐心固定时完美公共均衡收益的极限集,并证明成对和个体满秩条件足以实现民间定理。
We study repeated games with imperfect public monitoring and unequal discounting. We characterize the limit set of perfect and public equilibrium payoffs as discount factors converge to 1 with the relative patience between players fixed. We show that the pairwise and individual full rank conditions are sufficient for the folk theorem.