An Anti-folk Theorem in Overlapping Generations Games with Limited Observability

Research output: Contribution to journalArticle

Abstract

We study the effect of limited observability on the possibility of cooperation in a simple overlapping generations model. If new entrants can observe only the recent history of the game, then cooperation cannot be sustained for certain classes of games. Journal of Economic Literature Classification Numbers: C72, D82.

Original languageEnglish
Pages (from-to)736-745
Number of pages10
JournalReview of Economic Dynamics
Volume4
Issue number3
DOIs
Publication statusPublished - 2001 Jul 1
Externally publishedYes

Fingerprint

Folk theorem
Overlapping generations
Observability
Economics
New entrants
Overlapping generations model

Keywords

  • Anti-folk theorem
  • limited observability
  • overlapping generations games

ASJC Scopus subject areas

  • Economics and Econometrics

Cite this

An Anti-folk Theorem in Overlapping Generations Games with Limited Observability. / Yoon, Kiho.

In: Review of Economic Dynamics, Vol. 4, No. 3, 01.07.2001, p. 736-745.

Research output: Contribution to journalArticle

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