The Econometric SocietyEdited by: Marina Halac • Print ISSN: 0012-9682 • Online ISSN: 1468-0262
Econometrica: Nov, 2006, Volume 74, Issue 6
https://doi.org/10.1111/j.1468-0262.2006.00717.x
p. 1499-1544
Johannes Hörner, Wojciech Olszewski
We prove the folk theorem for discounted repeated games under private, almost‐perfect monitoring. Our result covers all finite, ‐player games that satisfy the usual full‐dimensionality condition. Mixed strategies are allowed in determining the individually rational payoffs. We assume no cheap‐talk communication between players and no public randomization device.
December 11, 2025
We are deeply saddened by the passing of Kate Ho, the John L. Weinberg Professor of Economics and Business Policy at Princeton University and a Fellow of the Econometric Society. Kate was a brilliant IO economist and scholar whose impact on the profession will resonate for many years to come.
