Players coordinate continuation play in repeated games with public monitoring. This paper asks the robustness of such equilibrium play with respect to private monitoring perturbations that are ex-ante close to the public-monitoring structure. We show that, in two-player games with full support...

This paper extends the framework of Kajii and Morris (1997) to study the question of robustness to incomplete information in repeated games. We show that dynamically robust equilibria can be characterized using a one-shot robustness principle that extends the one-shot deviation principle. Using...