The Folk Theorem in Repeated Games With Anonymous Random Matching
Joyee Deb, Takuo Sugaya, Alexander Wolitzky
Econometrica · 2020 · Volume 88 · Issue 3
Abstract
We prove the folk theorem for discounted repeated games with anonymous random matching. We allow non-uniform matching, include asymmetric payoffs, and place no restrictions on the stage game other than full dimensionality. No record-keeping or communication devices—including cheap talk communication and public randomization—are necessary.
Keywords
Repeated games, random matching, folk theorem
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