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Finitely repeated games with semi-standard monitoring

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  • Contou-Carrère, Pauline
  • Tomala, Tristan
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    Abstract

    Abstract This paper studies finitely repeated games with semi-standard monitoring played in pure strategies. In these games, each player's action set is endowed with a partition, and the equivalence classes of the actions played are publicly observed. We characterize the limit set of equilibrium payoffs as the duration of the game increases.

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    File URL: http://www.sciencedirect.com/science/article/B6VBY-51JF89H-2/2/374a70a743da5ca8b2a5b2c379e375c7
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    Bibliographic Info

    Article provided by Elsevier in its journal Journal of Mathematical Economics.

    Volume (Year): 47 (2011)
    Issue (Month): 1 (January)
    Pages: 14-21

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    Handle: RePEc:eee:mateco:v:47:y:2011:i:1:p:14-21

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    Web page: http://www.elsevier.com/locate/jmateco

    Related research

    Keywords: Finitely repeated games Semi-standard monitoring Folk Theorem;

    References

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    1. Fudenberg, Drew & Levine, David I & Maskin, Eric, 1994. "The Folk Theorem with Imperfect Public Information," Econometrica, Econometric Society, vol. 62(5), pages 997-1039, September.
    2. Lehrer, E, 1990. "Nash Equilibria of n-Player Repeated Games with Semi-standard Information," International Journal of Game Theory, Springer, vol. 19(2), pages 191-217.
    3. Gossner, Olivier, 1995. "The Folk Theorem for Finitely Repeated Games with Mixed Strategies," International Journal of Game Theory, Springer, vol. 24(1), pages 95-107.
    4. Renault, Jérôme & Tomala, Tristan, 2004. "Communication equilibrium payoffs in repeated games with imperfect monitoring," Economics Papers from University Paris Dauphine 123456789/6103, Paris Dauphine University.
    5. Fudenberg, Drew & Maskin, Eric, 1986. "The Folk Theorem in Repeated Games with Discounting or with Incomplete Information," Econometrica, Econometric Society, vol. 54(3), pages 533-54, May.
    6. Renault, Jérôme & Scarlatti, Sergio & Scarsini, Marco, 2008. "Discounted and finitely repeated minority games with public signals," Mathematical Social Sciences, Elsevier, vol. 56(1), pages 44-74, July.
    7. Smith, Lones, 1995. "Necessary and Sufficient Conditions for the Perfect Finite Horizon Folk Theorem," Econometrica, Econometric Society, vol. 63(2), pages 425-30, March.
    8. George J. Mailath & Steven A. Matthews & Tadashi Sekiguchi, 2001. "Private Strategies in Finitely Repeated Games with Imperfect Public Monitoring," Penn CARESS Working Papers e7304519c6d1562163dbaf181, Penn Economics Department.
    9. Drew Fudenberg & David K. Levine & Satoru Takahashi, 2004. "Perfect Public Equilibrium When Players Are Patient," Harvard Institute of Economic Research Working Papers 2051, Harvard - Institute of Economic Research.
    10. Levine, David & Fudenberg, Drew, 1994. "Efficiency and Observability with Long-Run and Short-Run Players," Scholarly Articles 3203774, Harvard University Department of Economics.
    11. Benoit, Jean-Pierre & Krishna, Vijay, 1985. "Finitely Repeated Games," Econometrica, Econometric Society, vol. 53(4), pages 905-22, July.
    12. Tristan Tomala, 1998. "Pure equilibria of repeated games with public observation," International Journal of Game Theory, Springer, vol. 27(1), pages 93-109.
    13. Lehrer, E, 1989. "Lower Equilibrium Payoffs in Two-Player Repeated Games with Non-observable Actions," International Journal of Game Theory, Springer, vol. 18(1), pages 57-89.
    14. Sekiguchi, Tadashi, 2001. "A negative result in finitely repeated games with product monitoring," Economics Letters, Elsevier, vol. 74(1), pages 67-70, December.
    15. Gonzalez-Diaz, Julio, 2006. "Finitely repeated games: A generalized Nash folk theorem," Games and Economic Behavior, Elsevier, vol. 55(1), pages 100-111, April.
    16. Mailath, George J. & Samuelson, Larry, 2006. "Repeated Games and Reputations: Long-Run Relationships," OUP Catalogue, Oxford University Press, number 9780195300796.
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