General properties of long-run supergames

T. TOMALA, J. Renault

Dynamic Games and Applications

2011, vol. 1, n°2, pp.319-350

Departments: Economics & Decision Sciences, GREGHEC (CNRS)

Keywords: Repeated games, Signals, Folk theorem

Supergames are repeated games in which a fixed known finite one-shot game is repeated over and over. Information about the actions chosen at each stage is provided by a signalling technology. This paper studies the main properties that are valid over this whole class of games and both surveys known results and provides new ones.