Abreu, Dilip; Milgrom, Paul; Pearce, David - In: Econometrica 59 (1991) 6, pp. 1713-33
In a repeated partnership game with imperfect monitoring, the authors distinguish among the effects of (1) reducing the interest rate, (2) shortening the period over which actions are held fixed, and (3) shortening the lag with which accumulated information is reported. All three changes are...