Repeated Games and Reputations
Long-Run Relationships
Mailath, George J. Professor of Economics, University of Pennsylvania
Samuelson, Larry Professor of Economics, University of Wisconsin
Print publication date: 2006 (this edition)
Published to Oxford Scholarship Online: January 2007
Print ISBN-13: 978-0-19-530079-6







doi:10.1093/acprof:oso/9780195300796.003.0005

George J. Mailath
Larry Samuelson
Abstract: This chapter explores variations on the standard repeated game: random matching games and repeated games played in the context of a market or society, multiple repeated games, repeated extensive form games, and dynamic games. The chapter defines and provides foundations for the concept of Markov equilibrium and culminates in a folk theorem for dynamic games.

Keywords: dynamic games, extensive-form games, folk theorem, markets, Markov, random matching games,

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I Games with Perfect Monitoring
II Games with (Imperfect) Public Monitoring
III Games with Private Monitoring
Part IV Reputations