Showing 1 - 10 of 11
Persistent link: https://www.econbiz.de/10011565946
Persistent link: https://www.econbiz.de/10003840958
This paper studies infinite-horizon stochastic games in which players observe payoffs and noisy public information about a hidden state each period. We find that, very generally, the feasible and individually rational payoff set is invariant to the initial prior about the state in the limit as...
Persistent link: https://www.econbiz.de/10012104607
Persistent link: https://www.econbiz.de/10012001062
Persistent link: https://www.econbiz.de/10008798255
Persistent link: https://www.econbiz.de/10009261858
Persistent link: https://www.econbiz.de/10009308146
Persistent link: https://www.econbiz.de/10011705443
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