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properties of markets without transaction costs, namely strategyproofness, efficiency, and robustness to misspecified beliefs and …
Persistent link: https://www.econbiz.de/10013441509
properties of markets without transaction costs, namely strategyproofness, efficiency, and robustness to misspecified beliefs and …
Persistent link: https://www.econbiz.de/10013440142
Predictions under common knowledge of payoffs may differ from those under arbitrarily, but finitely, many orders of mutual knowledge; Rubinstein's (1989)Email game is a seminal example. Weinstein and Yildiz (2007) showed that the discontinuity in the example generalizes: for all types with...
Persistent link: https://www.econbiz.de/10012215306
rationalizable (ICR) actions, are robust to higher-order belief misspecifications. This paper extends their robustness analysis to … solution concept for games with incomplete information. We first confirm the robustness of the ICR predictions to small …
Persistent link: https://www.econbiz.de/10011195695
Players coordinate continuation play in repeated games with public monitoring. We investigate the robustness of such … robustness is sensitive to whether we allow for uninterpretable signals. …
Persistent link: https://www.econbiz.de/10011043043
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...
Persistent link: https://www.econbiz.de/10011043051
We provide a new sufficient condition for the robustness of sets of equilibria to incomplete information in the sense …
Persistent link: https://www.econbiz.de/10010743795
For repeated games with noisy private monitoring and communication, we examine robustness of perfect public equilibrium … a uniform folk theorem with public monitoring which, combined with our robustness result, yields a new folk theorem for …
Persistent link: https://www.econbiz.de/10005109614