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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 |
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doi:10.1093/acprof:oso/9780195300796.003.0005
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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