McLean, Richard; Obara, Ichiro; Postlewaite, Andrew - In: Journal of Economic Theory 153 (2014) C, pp. 191-212
A repeated game with private monitoring is “close” to a repeated game with public monitoring (or perfect monitoring) when (i) the expected payoff structures are close and (ii) the informational structures are close in the sense that private signals in the private monitoring game can be...