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Subgame perfect equilibria of finitely repeated games are studied. A limit ''folk theorem'' is proved: under certain weak conditions, any feasible and individually rational payoff of the one-shot game can be approximated by the average payoff in a perfect equilibrium of a repeated game with a sufficiently long horizon.
Benoit, Jean-Pierre, Krishna, Vijay
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Continuous Time Repeated Games
International Economic Review, 1993Summary: We develop a model of strategic behaviour in continuous time games of complete information, which includes conventional repeated games in discrete time as a special case. The model developed here admits a very large class of strategies, that allows one to extend the repeated game model to continuous time. The set of equilibria in this game may
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