NASH AND PERFECT EQUILIBRIA OF DISCOUNTED REPEATED GAMES

被引:12
作者
FUDENBERG, D [1 ]
MASKIN, E [1 ]
机构
[1] HARVARD UNIV,CAMBRIDGE,MA 02138
基金
美国国家科学基金会;
关键词
D O I
10.1016/0022-0531(90)90058-R
中图分类号
F [经济];
学科分类号
02 ;
摘要
The "perfect Folk Theorem" for discounted repeated games establishes that the sets of Nash and subgame-perfect equilibrium payoffs are equal in the limit as the discount factor δ tends to one. We provide conditions under which the two sets coincide before the limit is reached. That is, we show how to compute δ such that the Nash and perfect equilibrium payoffs of the δ-discounted game are identical for all δ>δ. © 1990.
引用
收藏
页码:194 / 206
页数:13
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