Showing 1 - 10 of 14
Persistent link: https://www.econbiz.de/10008798255
Persistent link: https://www.econbiz.de/10009261858
Persistent link: https://www.econbiz.de/10009308146
This paper introduces stochastic games with imperfect public signals. It provides a sufficient condition for the folk theorem when the game is irreducible, thus generalizing the results of Dutta (1995) [5] and Fudenberg, Levine, and Maskin (1994) [9]. To do this, the paper extends the concept of...
Persistent link: https://www.econbiz.de/10009249208
We study the perfect type-contingently public ex-post equilibrium (PTXE) of repeated games where players observe imperfect public signals of the actions played, and both the payoff functions and the map from actions to signal distributions depend on an unknown state. The PTXE payoffs when...
Persistent link: https://www.econbiz.de/10009318593
Persistent link: https://www.econbiz.de/10009289925
Persistent link: https://www.econbiz.de/10009178696
In an irreducible stochastic game, no single player can prevent the stochastic process on states from being irreducible, so the other players can ensure that the current state has little effect on events in the distant future. This paper introduces stochastic games with imperfect public signals,...
Persistent link: https://www.econbiz.de/10014189264
This paper studies repeated games with imperfect public monitoring where the players are uncertain both about the payoff functions and about the relationship between the distribution of signals and the actions played. We introduce the concept of perfect public ex post equilibrium (PPXE), and...
Persistent link: https://www.econbiz.de/10014189266
We study the perfect type-contingently public ex-post equilibrium (PTXE) of repeated games with incomplete information where players observe imperfect public signals of the actions and the map from actions to signal distributions is itself unknown. The PTXE payoffs when players are patient are...
Persistent link: https://www.econbiz.de/10014189386