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

    Fingerprint

Keywords

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

ASJC Scopus subject areas

  • Economics and Econometrics

Cite this