Privately Observed Time Horizons in Repeated Games
AbstractThis paper considers the repetition of a finite two person game when each player knows an upper bound on the length of the game, but assigns a positive probability to his opponent overestimating the length of the game. It is shown that with sufficiently little discounting, any payoff vector that strictly Pareto dominates that of a Nash equilibrium of the constituent game can be sustained in a Perfect Bayesian Equilibrium if the number of periods remaining is sufficiently large.
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Bibliographic InfoArticle provided by Elsevier in its journal Games and Economic Behavior.
Volume (Year): 33 (2000)
Issue (Month): 1 (October)
Contact details of provider:
Web page: http://www.elsevier.com/locate/inca/622836
Other versions of this item:
- Renault, R., 1997. "Privately Observed Time Horizons in Repeated Games," Papers 97.483, Toulouse - GREMAQ.
- C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
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