Folk Theorem in Repeated Games with Private Monitoring
证明了在私人监督的重复两人博弈中,若每个玩家的信号分布支撑集足够大,民间定理普遍成立,且无需廉价谈话或公共随机化。
Abstract We show that the folk theorem holds generically for the repeated two-player game with private monitoring if the support of each player’s signal distribution is sufficiently large. Neither cheap talk communication nor public randomization is necessary.