An anti-folk theorem in overlapping generations games with limited observability

Authors
Yoon, K
Citation
K. Yoon, An anti-folk theorem in overlapping generations games with limited observability, REV ECON DY, 4(3), 2001, pp. 736-745
Citations number
6
Categorie Soggetti
Economics
Journal title
REVIEW OF ECONOMIC DYNAMICS
ISSN journal
10942025 → ACNP
Volume
4
Issue
3
Year of publication
2001
Pages
736 - 745
Database
ISI
SICI code
1094-2025(200107)4:3<736:AATIOG>2.0.ZU;2-Z
Abstract
We study the effect of limited observability on the possibility of cooperat ion in a simple overlapping generations model. If new entrants can observe only the recent history of the game, then cooperation cannot be sustained f or certain classes of games. (C) 2001 Academic Press.