On the full dimensionality assumption for the discounted Folk Theorem

C-Tier
Journal: Economics Letters
Year: 2008
Volume: 99
Issue: 2
Pages: 357-359

Score contribution per author:

1.009 = (α=2.02 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

A sufficient condition for the discounted Folk Theorem is that for every individually rational payoff vector u, there exists another individually rational payoff vector v such that v < u. We present an example of a full dimensional game where this property fails to be satisfied. Furthermore, we present a simple and direct proof that full dimensionality implies a weaker, but still sufficient property for the discounted Folk Theorem.

Technical Details

RePEc Handle
repec:eee:ecolet:v:99:y:2008:i:2:p:357-359
Journal Field
General
Author Count
1
Added to Database
2026-01-25