Lehrer, Ehud; Solan, Eilon - In: Theoretical Economics 13 (2018) 1, pp. 87-113
We study two-player discounted repeated games in which one player cannot monitor the other unless he pays a fixed amount. It is well known that in such a model the folk theorem holds when the monitoring cost is on the order of magnitude of the stage payoff. We analyze high frequency games in...
