Showing 1 - 6 of 6
Persistent link: https://www.econbiz.de/10011565946
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
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/10012215319
Persistent link: https://www.econbiz.de/10011705443
This paper studies infinite-horizon stochastic games in which players observe noisy public information about a hidden state each period. We find that if the game is connected, the limit feasible payoff set exists and is invariant to the initial prior about the state. Building on this invariance...
Persistent link: https://www.econbiz.de/10011165806