Fudenberg, Drew; Ishii, Yuhta; Kominers, Scott Duke - Department of Economics, Harvard University - 2014
We extend the folk theorem of repeated games to two settings in which players' information about others' play arrives with stochastic lags. In our first model, signals are almost-perfect if and when they do arrive, that is, each player either observes an almost-perfect signal of period-t play...