Finitely Repeated Games

We study subgame perfect equilibria of finitely repeated games. We prove a limit "folk theorem" for these games. Under weak conditions, any feasible and individually rational payoff vector of the one-shot game can be approximated by the average payoff in a perfect equilibrium of a repeated game with a sufficiently long horizon.

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Work Title Finitely Repeated Games
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Open Access
Creators
  1. Jean-Pierre Benoit
  2. Vijay Krishna
License CC BY-NC 4.0 (Attribution-NonCommercial)
Work Type Article
Publisher
  1. Econometric Society
Publication Date 1985
Deposited September 04, 2022

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Version 1
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  • Created
  • Updated
  • Added Creator Jean-Pierre Benoit
  • Added Creator Vijay Krishna
  • Added Benoit and Krishna ECMA (1985).pdf
  • Updated Publisher, License Show Changes
    Publisher
    • Econometric Society
    License
    • https://creativecommons.org/licenses/by-nc/4.0/
  • Published
  • Updated