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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
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/10012159030
We consider repeated games with private monitoring that are .close. to repeated games with public/perfect monitoring. A private monitoring information structure is close to a public monitoring information structure when private signals can generate approximately the same distribution of the...
Persistent link: https://www.econbiz.de/10009293082
This paper introduces generalized potential functions of complete information games and studies the robustness of sets … behavior close to some equilibrium in the set. This paper provides sufficient conditions for the robustness of sets of … existing sufficient conditions for the robustness of equilibria. …
Persistent link: https://www.econbiz.de/10005762463
knowledge prior on preference parameters. I analyze the robustness of equilibria of such games to perturbations in the … of his higher order beliefs. Based on this definition of an $\varepsilon$-equilibrium, I propose a notion of robustness …
Persistent link: https://www.econbiz.de/10005130188
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