A Few Bad Apples Spoil the Barrel: An Anti-Folk Theorem for Anonymous Repeated Games with Incomplete Information
<jats:p> We study anonymous repeated games where players may be “commitment types” who always take the same action. We establish a stark anti-folk theorem: if the distribution of the number of commitment types satisfies a smoothness condition and the game has a “pairwise dominant” action, this...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
American Economic Association
2022
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| Online Access: | https://hdl.handle.net/1721.1/145249 |