Perfect Public Equilibrium When Players are Patient
15 Pages Posted: 13 Nov 2004
Date Written: November 2004
The limit set of perfect public equilibrium payoffs of a repeated game as the discount factor goes to one is characterized, with examples, even when the full-dimensionality condition fails.
Keywords: Economic Theory, Game Theory, Repeated Games, Perfect Public Equilibrium, Folk Theorem
JEL Classification: X15, X16
Suggested Citation: Suggested Citation