In a symmetric repeated game with standard preferences, there are no gains from
intertemporal trade. In fact, under a suitable normalization of utility, the payoff set in the …

We study the set of (stationary) feasible payoffs of overlap** generation repeated games
that can be achieved by action sequences in which every generation of players plays the …

This paper examines how to construct subgame-perfect mixed-strategy equilibria in
discounted repeated games with perfect monitoring. We introduce a relatively simple class …

We consider discounted repeated two-person zero-sum games with private monitoring. We
show that even when players have different and time-varying discount factors, each player's …