Article ID Journal Published Year Pages File Type
5072048 Games and Economic Behavior 2012 11 Pages PDF
Abstract
► We study general discounted repeated games with unequal discounting. ► We introduce a “dynamic non-equivalent utilities” concept (DNEU) for such games. ► DNEU allows dynamic player-specific punishments for any target equilibrium payoff. ► We prove a folk theorem for repeated games with unequal discounting satisfying DNEU.
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Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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A folk theorem for repeated games with unequal discounting
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