Fudenberg, Drew; Yamamoto, Yuichi - In: Journal of Economic Theory 146 (2011) 4, pp. 1664-1683
This paper introduces stochastic games with imperfect public signals. It provides a sufficient condition for the folk theorem when the game is irreducible, thus generalizing the results of Dutta (1995) [5] and Fudenberg, Levine, and Maskin (1994) [9]. To do this, the paper extends the concept of...