A copy of this work was available on the public web and has been preserved in the Wayback Machine. The capture dates from 2017; you can also visit the original URL.
The file type is application/pdf
.
The Folk Theorem for Irreducible Stochastic Games with Imperfect Public Monitoring
2010
Social Science Research Network
In an irreducible stochastic game, no single player can prevent the stochastic process on states from being irreducible, so the other players can ensure that the current state has little effect on events in the distant future. This paper introduces stochastic games with imperfect public signals, and provides a sufficient condition for the folk theorem when the game is irreducible, thus generalizing the folk theorems of Dutta (1995) and Maskin (1994) . To prove this theorem, the paper extends
doi:10.2139/ssrn.1706269
fatcat:in2ooyxktjds3h5vkjinestnlu